Pasupati Fincap Faces Intense Selling Pressure Amid Continued Price Declines

Pasupati Fincap 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 4.97%, sharply contrasting with the Sensex, which has only dipped by 0.23%. This marks a continuation of a downward trend, as Pasupati Fincap has experienced consecutive days of losses, with a weekly performance down by 9.09% compared to a 0.80% gain in the Sensex.
Over the past month, Pasupati Fincap has shown a positive performance of 6.38%, but this is overshadowed by its year-to-date decline of 36.48%, while the Sensex has gained 5.50% during the same period. The stock's performance over three years remains stagnant at 0.00%, in stark contrast to the Sensex's growth of 39.44%.

Several factors may be contributing to the selling pressure, including erratic trading patterns, as the stock did not trade on two days out of the last 20. The stock reached an intraday low of Rs 26 today, and while it remains above its longer-term moving averages, it is currently below its 5-day moving average, indicating potential volatility in the short term.