Manipal Finance Corporation Faces Intense Selling Pressure Amid Significant Price Declines

Manipal Finance Corporation Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced consecutive days of losses, with a notable decline of 5.00% in its one-day performance, starkly contrasting with the Sensex's modest gain of 0.29%. Over the past week, the stock has dropped 18.39%, while the Sensex has risen by 0.95%.
In the last month, Manipal Finance Corporation's performance has deteriorated further, with a decline of 26.88% compared to the Sensex's increase of 1.85%. The three-month performance shows a drop of 36.13%, while the Sensex has only slightly decreased by 1.28%. Despite a strong one-year performance of 116.76%, the stock's recent trends indicate a troubling shift.

Several factors may be contributing to this selling pressure, including erratic trading patterns, as the stock did not trade on one day out of the last 20. Additionally, while the stock remains above its 200-day moving average, it is currently below its 5-day, 20-day, 50-day, and 100-day moving averages, indicating a potential shift in market sentiment.