Mansi Finance Faces Intense Selling Pressure Amid Significant Price Declines

Mansi Finance (Chennai) Ltd is currently facing significant selling pressure, with today's trading session showing only sellers in the market. The stock has experienced consecutive losses over the past two days, with a total decline of 9.73%. Today alone, Mansi Finance reported a drop of 4.98%, contrasting sharply with the Sensex, which gained 0.95% during the same period.
Despite a strong performance over the past month, where the stock surged by 30.35%, the recent downturn highlights a shift in market sentiment. The stock opened with a loss of 2% and reached an intraday low of Rs 76.11. Over the last week, Mansi Finance has outperformed the Sensex, but the current selling trend raises questions about the sustainability of its previous gains.

In terms of moving averages, Mansi Finance is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a longer-term positive trend. However, the immediate pressure from sellers suggests that investors are reacting to recent developments, which may include broader market conditions or company-specific news.