Purple Finance Faces Intense Selling Pressure Amid Significant Price Declines

Purple Finance Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced consecutive days of losses, with a notable decline of 4.99% in its one-day performance, starkly contrasting with the Sensex's modest drop of 0.31%. Over the past week, Purple Finance has seen a decline of 10.98%, while the Sensex has gained 0.59%. The stock's performance over the last month is particularly concerning, down 17.35% compared to the Sensex's increase of 5.69%.
In the broader context, Purple Finance has underperformed significantly, with a staggering 43.86% drop over the past three months, while the Sensex has only decreased by 1.70%. Year-to-date, the stock is down 42.63%, compared to the Sensex's decline of just 0.99%.

Today, Purple Finance hit a new 52-week and all-time low of Rs. 38.68, reflecting a day’s low of -4.99%. The stock's performance today underperformed its sector by 2.8%. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent downward trend.