Nivaka Fashions Ltd Faces Selling Pressure with 4.99% Decline Amidst Consecutive 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 of 4.99% in its one-day performance, contrasting sharply with the Sensex, which has gained 0.22%. This marks the third consecutive day of losses for Nivaka Fashions, accumulating a total decline of 14.16% over this period.
In the past week, the stock has dropped 10.31%, while the Sensex has only decreased by 0.69%. Despite a strong performance over the past month, where Nivaka Fashions surged by 50.38%, the recent trend indicates a reversal. Over the last three years, the stock has underperformed significantly, with a decline of 8.26% compared to the Sensex's impressive growth of 37.59%.

The price summary reveals that Nivaka Fashions has underperformed its sector by 6.75% today. While the stock remains above its 20-day, 50-day, 100-day, and 200-day moving averages, it is currently below its 5-day moving average, indicating a potential shift in momentum. The ongoing selling pressure may be attributed to various market dynamics affecting investor sentiment.