Nihar Info Global Faces Intense Selling Pressure Amid Consecutive Losses and Underperformance

Nihar Info Global Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced consecutive losses over the past two days, with a notable decline of 11.63% during this period. Today, the stock fell by 4.86%, significantly underperforming the Sensex, which decreased by only 1.04%.
Over the past week, Nihar Info Global has seen a decline of 3.96%, while the Sensex has remained relatively stable with a drop of just 0.30%. The stock's performance over the last month is also concerning, with an 8.78% decrease compared to the Sensex's minimal decline of 0.20%. Year-to-date, Nihar Info Global has lost 18.56%, contrasting sharply with the Sensex's gain of 4.37%.

The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent downward trend. Contributing factors to this selling pressure may include broader market conditions and company-specific challenges, which have led to a significant underperformance relative to the Sensex across various time frames.