Nihar Info Global Faces Intense Selling Pressure Amidst Ongoing Price Declines

Nihar Info Global Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced consecutive days of losses, with a notable decline of 4.84% in its one-day performance, contrasting sharply with the Sensex, which gained 0.27% during the same period. Over the past week, Nihar Info Global has dropped 3.72%, while the Sensex has risen by 0.77%.
In terms of longer-term performance, Nihar Info Global's one-year decline stands at 1.55%, compared to the Sensex's impressive gain of 11.30%. Year-to-date, the stock has fallen by 8.80%, while the Sensex has increased by 4.13%. Over three years, Nihar Info Global has seen a staggering decline of 48.23%, while the Sensex has surged by 54.13%.

Despite a 21.02% increase over the past month, the stock's overall trajectory remains concerning, particularly when viewed against the backdrop of the Sensex's 8.26% rise. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a complex market position. Factors contributing to the selling pressure may include broader market trends and investor sentiment within the IT software sector.