Ontic Finserve Ltd Faces Intense Selling Pressure Amidst Consecutive Losses

Ontic Finserve Ltd is currently facing significant selling pressure, with the stock showing only sellers today. This trend marks a continuation of consecutive days of losses, raising concerns among market observers. Over the past week, Ontic Finserve has seen a decline of 13.89%, while the benchmark Sensex has only gained 0.93%.
In the last month, Ontic Finserve's performance has been more pronounced, with a drop of 20.59% compared to the Sensex's modest increase of 1.07%. Despite a strong annual performance of 49.09%, the stock has struggled in the short term, with a three-month decline of 6.82% against the Sensex's decline of 1.27%.

Several factors may be contributing to the selling pressure, including broader market trends and potential investor sentiment shifts. The stock is currently trading above its moving averages, indicating some resilience in its longer-term performance metrics. However, the stark contrast in recent performance relative to the Sensex highlights the challenges Ontic Finserve faces in the current market environment.