Paragon Finance Ltd Faces Intense Selling Pressure Amid Ongoing Losses
Paragon Finance Ltd is experiencing notable selling pressure, with the stock showing only sellers and recording consecutive losses. The company, a microcap in the NBFC sector, has seen significant declines over various timeframes, underperforming against the benchmark Sensex and trading below key moving averages.
Paragon Finance Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company, classified as a microcap in the Non-Banking Financial Company (NBFC) sector, has recorded consecutive days of losses, reflecting a troubling trend for investors. On a daily basis, Paragon Finance Ltd has declined by 5.07%, while the benchmark Sensex has managed a slight gain of 0.28%. Over the past week, the stock has dropped 4.81%, contrasting with the Sensex's marginal decline of 0.10%. The monthly performance is even more concerning, with a 13.39% decrease compared to the Sensex's 2.47% drop. Year-to-date, Paragon Finance has lost 23.71%, while the Sensex has gained 2.97%.
The stock's performance over the last year is particularly stark, down 41.71% against the Sensex's 1.91% increase. Today, the stock opened with a loss of 5.03% and reached an intraday low of Rs 51.89. Additionally, it is trading below all key moving averages, indicating a persistent downward trend. The stock's performance today underperformed its sector by 5.73%, highlighting the ongoing challenges faced by Paragon Finance Ltd.
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