Manraj Housing Finance Faces Selling Pressure, Declines 3.23% Amidst Seller Dominance Today.

Manraj Housing Finance Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The stock has experienced a decline of 3.23%, contrasting sharply with the Sensex, which has seen a marginal increase of 0.03%. This marks a notable trend, as Manraj Housing Finance has recorded consecutive days of losses following a brief period of gains.
Over the past week, the stock performed positively with a 5.26% increase, while the Sensex declined by 1.54%. However, the recent downturn has reversed this momentum, particularly after hitting a new 52-week high of Rs. 61.84 earlier today. The stock opened with a gain of 4.99% but quickly fell to an intraday low of Rs. 57, indicating erratic trading patterns, as it did not trade on one day out of the last 20.

In terms of longer-term performance, Manraj Housing Finance has shown resilience with a 12.29% increase over the past year, significantly outperforming the Sensex's decline of 4.03%. However, the stock's recent trend reversal and the current selling pressure may be attributed to various market dynamics, including investor sentiment and sector-specific challenges.