Money Masters Leasing & Finance Faces Intense Selling Pressure Amid Continued Losses
Money Masters Leasing & Finance Ltd is experiencing notable selling pressure, with the stock declining for four consecutive days. Over the past month, it has dropped significantly, trading near its 52-week low and below key moving averages, reflecting ongoing challenges and negative market sentiment.
Money Masters Leasing & Finance Ltd is currently facing significant selling pressure, with the stock showing only sellers today. This trend marks a continuation of losses, as the stock has experienced four consecutive days of declines. Over the past week, Money Masters has dropped by 11.03%, starkly contrasting with the Sensex, which has gained 3.60% during the same period. In the past month, the stock has plummeted by 27.93%, while the Sensex has risen by 6.84%. The three-month performance reveals a staggering decline of 63.25% for Money Masters, compared to an 8.40% increase in the Sensex. Year-to-date, the stock has lost 84.21%, while the Sensex has managed a modest gain of 5.35%.
Currently, Money Masters is trading close to its 52-week low, just 4.62% above Rs 1.24. The stock is also trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent downward trend. The significant selling pressure may be attributed to various factors, including market sentiment and company-specific challenges, but the exact reasons remain to be fully analyzed.
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