Mid East Portfolio Management Faces 9.98% Decline Amid Significant Selling Pressure and Losses

Mid East Portfolio Management Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The stock has experienced a notable decline of 9.98% in a single day, sharply contrasting with the Sensex, which has only dipped by 0.24%. Over the past week, Mid East Portfolio Management has lost 24.90%, while the Sensex has gained 1.05%. This trend of consecutive losses extends to three days, during which the stock has plummeted by 16.9%.
In terms of volatility, the stock opened with a gain of 4.57% but quickly fell to an intraday low of Rs 17.13, reflecting high volatility with an intraday fluctuation of 7.45%. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend.

Despite a strong performance over the past year, with an increase of 84.79% compared to the Sensex's 9.58%, the recent downturn raises concerns about the stock's market position. The ongoing selling pressure may be influenced by various factors, including market sentiment and broader economic conditions affecting the Non-Banking Financial Company (NBFC) sector.