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 consecutive days of losses, with a notable decline of 5.47% in just one day. Over the past week, the stock has dropped 8.32%, while the Sensex has only seen a slight decrease of 0.28%.
In the broader context, Nihar Info Global's performance has been consistently underwhelming compared to the Sensex. Over the past month, the stock has gained a modest 0.78%, but this pales in comparison to the Sensex's 3.45% increase. Year-to-date, Nihar Info Global has declined by 17.12%, while the Sensex has risen by 6.89%.

The stock's performance over longer periods is equally concerning, with a staggering 40.39% drop over the past three years, contrasting sharply with the Sensex's impressive 57.87% gain. Additionally, Nihar Info Global is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent downward trend. The stock has also underperformed its sector by 6.09%, highlighting the challenges it faces in the current market environment.