Nivaka Fashions Faces Selling Pressure with 4.99% Decline Amid 26.39% Loss Over Six Days

Nivaka Fashions Ltd is currently facing significant selling pressure, with today's trading session showing only sellers in the market. The stock has experienced a notable decline of 4.99% today, starkly contrasting with the Sensex, which has only dipped by 0.11%. This marks the sixth consecutive day of losses for Nivaka Fashions, accumulating a staggering 26.39% drop over this period.
In the past week, the stock has plummeted by 22.57%, while the Sensex has gained 1.27%. Over the last month, Nivaka Fashions has shown a positive return of 22.94%, but this is overshadowed by its year-to-date performance, which stands at -7.80% compared to the Sensex's 7.98% gain. The stock's longer-term performance is also concerning, with a 62.22% decline over the past five years, while the Sensex has surged by 94.21%.

Nivaka Fashions is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The combination of these factors suggests a challenging environment for the microcap garment and apparel company.