Purshottam Investofin Faces Intense Selling Pressure Amid Consecutive Losses

Purshottam Investofin Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced consecutive days of losses, reflecting a troubling trend in its performance. Today, Purshottam Investofin's stock price declined by 4.99%, starkly contrasting with the Sensex, which fell by just 0.19%. Over the past week, the stock has lost 0.86%, while the Sensex gained 0.94%.
In the past month, Purshottam Investofin has seen a decline of 8.19%, compared to a 2.66% increase in the Sensex. Year-to-date, the stock is down 12.49%, while the Sensex has risen by 6.91%. This underperformance is notable, especially given that the stock has not traded on one day out of the last 20, indicating erratic trading patterns.

The stock opened with a gap down today at Rs 38.1 and reached an intraday low of the same price, showing no range in trading. Additionally, Purshottam Investofin is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, further highlighting the prevailing selling sentiment in the market.