Nihar Info Global Faces Increased Selling Pressure Amidst Significant Price Declines

Nihar Info Global Ltd is currently facing significant selling pressure, with today's trading session showing only sellers in the market. The stock has recorded a loss of 0.89% today, underperforming the Sensex, which has declined by 0.37%. This marks a trend reversal for Nihar Info Global, as it has experienced two consecutive days of gains prior to today's downturn.
Over the past week, Nihar Info Global has shown a positive performance of 4.91%, contrasting with the Sensex's negligible change of -0.01%. However, the stock's longer-term performance reveals a more concerning picture. Over the past year, it has declined by 2.12%, while the Sensex has gained 4.13%. Year-to-date, Nihar Info Global is down 11.20%, significantly lagging behind the Sensex's 6.51% increase.

The stock's performance over three years shows a stark decline of 41.52%, compared to the Sensex's impressive growth of 52.76%. Additionally, the stock is currently trading above its 5-day, 20-day, 50-day, and 100-day moving averages, but below its 200-day moving average, indicating a potential shift in market sentiment. The combination of these factors may be contributing to the heightened selling activity observed today.