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 just one day. Over the past week, the stock has dropped by 8.04%, and its performance over the last month reveals a staggering loss of 25.68%. In contrast, the Sensex has shown resilience, gaining 0.39% today and 1.80% over the past week.
The stock's performance over longer periods also highlights its struggles. In the last three months, Manipal Finance Corporation has declined by 35.08%, while the Sensex has increased by 1.93%. Despite a strong performance over the past year, where the stock rose by 109.49%, the recent trend indicates a sharp downturn.

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's moving averages are higher than the 5-day, 100-day, and 200-day averages, they remain lower than the 20-day and 50-day moving averages, suggesting potential volatility in investor sentiment.