Manraj Housing Finance Faces Intense Selling Pressure Amid Continued Stock Declines

Manraj Housing Finance Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has recorded a notable decline of 4.99% in its stock price, starkly contrasting with the Sensex, which has only dipped by 0.19%. This marks a continuation of a downward trend, as Manraj Housing Finance has experienced consecutive losses over the past week, with a total decline of 9.74%, compared to the Sensex's modest drop of 0.46%.
Over the past month, the stock has maintained a similar trajectory, reflecting a 9.74% decrease, while the Sensex has managed a slight gain of 0.86%. The stock's performance over the last three months has been stagnant, showing no change, while the Sensex has increased by 0.13%. Year-to-date, Manraj Housing Finance remains flat, contrasting with the Sensex's gain of 4.95%.

Several factors may be contributing to the selling pressure, including erratic trading patterns, as the stock did not trade on three out of the last 20 days. Today, it opened with a gap down at Rs 51.45 and has not shown any range in trading since. Despite being above longer-term moving averages, it remains below the five-day moving average, indicating potential short-term weakness.