Manipal Finance Faces Intense Selling Pressure Amid Consecutive Losses and Market Underperformance

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 today's trading session. This performance starkly contrasts with the Sensex, which has gained 0.22% on the same day. Over the past week, Manipal Finance has dropped 4.95%, while the Sensex has only slightly decreased by 0.19%.
In the last month, the stock has lost 5.24%, compared to a 3.54% increase in the Sensex. The three-month performance shows a decline of 5.57% for Manipal Finance, while the Sensex has risen by 9.56%. Despite a strong yearly performance of 244.20%, the recent trend indicates a shift, with the stock underperforming the sector by 4.79% today.

The stock opened with a gap down of 5% and reached an intraday low of Rs 19, maintaining this price throughout the trading session. Notably, the stock has not traded on three days out of the last 20, indicating erratic trading patterns. While it remains above its 50-day, 100-day, and 200-day moving averages, it is currently below its 5-day and 20-day moving averages, suggesting a potential shift in market sentiment.