Nihar Info Global Faces Intense Selling Pressure Amid Significant Price Declines

Nihar Info Global Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced a notable decline of 4.62% in its stock price, contrasting sharply with the Sensex, which has seen a marginal increase of 0.04%. This marks a trend reversal for Nihar Info Global, as it follows three consecutive days of gains.
Over the past week, the stock has gained 2.27%, but this is overshadowed by its performance over longer periods. In the last month, it has risen only 1.23%, while the Sensex has increased by 4.58%. More concerning is the three-month performance, where Nihar Info Global has plummeted by 19.38%, compared to a slight decline of 0.58% in the Sensex. Year-to-date, the stock is down 20.80%, while the Sensex has remained nearly flat at -0.16%.

The stock's performance over the past three years shows a staggering decline of 57.69%, while the Sensex has appreciated by 36.01%. This persistent selling pressure may be attributed to various factors, including market sentiment and company-specific challenges. Currently, the stock is trading below its 50-day, 100-day, and 200-day moving averages, indicating a bearish trend.