Manipal Finance Corporation Faces Intense Selling Pressure Amid Significant Price Declines

Manipal Finance Corporation Ltd is currently facing significant selling pressure, with today's trading session showing only sellers in the market. The stock has experienced consecutive days of losses, reflecting a broader trend of declining performance. Over the past week, Manipal Finance Corporation has dropped by 12.47%, while the Sensex has only decreased by 1.59%. This downward trajectory continues, with a monthly decline of 12.66% compared to a 1.22% gain in the Sensex.
In the short term, the stock's performance has been erratic, having not traded on two occasions out of the last 20 days. Despite today's performance showing a 2.02% decline, it still outperformed its sector by 2.16%. However, over the last three months, the stock has seen a significant drop of 17.35%, while the Sensex has risen by 9.25%.

While Manipal Finance Corporation has shown impressive annual growth of 200.18%, the recent trends indicate a shift in market sentiment. The stock's moving averages reveal that it is currently lower than its 5-day and 20-day averages, although it remains above the 50-day, 100-day, and 200-day moving averages. This combination of factors suggests a challenging environment for the stock amid prevailing selling pressure.