Paragon Finance Ltd Faces Significant Selling Pressure, Stock Declines 5% Amid Ongoing Losses

Paragon Finance Ltd is currently facing significant selling pressure, with today's trading session showing only sellers in the market. The stock has recorded a notable decline of 5.00%, significantly underperforming the Sensex, which is down by 0.95%. This marks a continuation of a troubling trend, as Paragon Finance has experienced consecutive days of losses, with a weekly performance of -3.79% compared to the Sensex's -2.71%.
Over the past month, Paragon Finance has declined by 3.60%, while the Sensex has only dipped by 0.49%. The three-month performance reveals a stark contrast, with Paragon Finance down 15.18% against the Sensex's 4.02% decline. Year-to-date, the stock has plummeted by 22.04%, while the Sensex has gained 2.88%.

The stock opened today at Rs 53.01, hitting an intraday low of the same price, and has not shown any range in trading. Additionally, Paragon Finance is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent downward trend. The underperformance relative to the sector, which is down by 3.47%, further highlights the challenges facing this microcap non-banking financial company.