Pradhin Ltd Faces Ongoing Selling Pressure Amidst Significant Price Declines

Pradhin Ltd is currently facing significant selling pressure, with today's trading session showing only sellers in the market. The stock has experienced a notable decline of 1.85%, underperforming the Sensex, which fell by 1.52%. This marks the 15th consecutive day of losses for Pradhin, resulting in a staggering 22.06% drop over this period.
In terms of broader performance, Pradhin has struggled significantly compared to the Sensex. Over the past week, the stock has declined by 7.02%, while the Sensex has only decreased by 2.28%. The longer-term outlook is equally concerning, with Pradhin's performance over the last three months down by 26.97% and a staggering 49.31% decline over the past year, contrasting sharply with the Sensex's 3.01% gain.

The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent downward trend. Despite the trading sector gaining by 3.24%, Pradhin's microcap status and recent performance suggest underlying challenges that may be contributing to the ongoing selling pressure.