Ontic Finserve Faces Intense Selling Pressure Amid Significant Price Declines

Ontic Finserve 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 10.39% in its one-day performance, starkly contrasting with the Sensex's drop of 4.01%. Over the past week, Ontic Finserve has managed a slight gain of 1.47%, while the Sensex fell by 6.55%. However, the recent performance does not mask the overall trend, as the stock has lost 5.48% over the last three months, compared to the Sensex's decline of 7.49%.
In terms of price summary, Ontic Finserve's performance today underperformed its sector by 6.06%. While the stock is trading above its 20-day, 50-day, and 200-day moving averages, it remains below its 5-day and 100-day moving averages. The Finance/NBFC sector itself has seen a decline of 4.48%, which may be contributing to the selling pressure on Ontic Finserve. The stock's long-term performance also raises concerns, with a staggering 65.76% drop over the past three years, compared to a 22.54% gain in the Sensex during the same period.