Nivaka Fashions Faces Significant Selling Pressure, Declines 5% Today Amid Ongoing Losses

Nivaka Fashions Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The garment and apparel microcap has experienced a notable decline, with a 5.00% drop in its share price, contrasting sharply with the Sensex, which has gained 0.58% on the same day. This marks the fifth consecutive day of losses for Nivaka Fashions, resulting in a staggering 22.53% decline over the past week.
In terms of longer-term performance, Nivaka Fashions has struggled relative to the Sensex across various time frames. Over the past three months, the stock has decreased by 1.90%, while the Sensex has risen by 5.13%. Year-to-date, Nivaka Fashions is down 2.96%, compared to the Sensex's 7.95% increase. The stock's performance over the last five years is particularly concerning, with a decline of 60.24%, while the Sensex has surged by 94.56%.

Currently, Nivaka Fashions is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent downward trend. The combination of these factors suggests a challenging environment for the company, contributing to the ongoing selling pressure.