Nihar Info Global Faces Ongoing Selling Pressure Amid Significant Price Declines

Nihar Info Global Ltd is currently facing significant selling pressure, with the stock showing only sellers today. This trend marks the third consecutive day of losses, during which the stock has declined by 1.25%. On the day, Nihar Info Global's performance is down by 0.18%, slightly outperforming the Sensex, which has decreased by 0.26%.
Over the past week, Nihar Info Global has demonstrated a robust performance with an increase of 8.22%, contrasting with the Sensex's decline of 1.39%. However, the stock's year-to-date performance reveals a decline of 11.52%, while the Sensex has gained 5.30% during the same period.

In terms of longer-term performance, Nihar Info Global has struggled, with a 3-year decline of 31.73% compared to the Sensex's impressive growth of 54.04%. Despite recent gains over shorter time frames, the stock's overall trajectory remains concerning, particularly when viewed against the backdrop of the broader market.

The stock's current price is above its 5-day, 20-day, 50-day, and 100-day moving averages, yet it remains below the 200-day moving average, indicating a mixed technical outlook. The ongoing selling pressure may be influenced by broader market trends or company-specific challenges, warranting close observation.