Purshottam Investofin Faces Intense Selling Pressure Amid Ongoing Price Declines

Purshottam Investofin Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has recorded consecutive days of losses, with a notable decline of 5.20% in its one-day performance, starkly contrasting with the Sensex's minor drop of 0.15%. Over the past week, Purshottam Investofin has also underperformed, with a 5.20% decrease compared to a slight gain of 0.21% for the Sensex.
In the broader context, the stock has seen a decline of 14.72% over the past year, while the Sensex has risen by 4.36%. Year-to-date, Purshottam Investofin is down 9.90%, against the Sensex's 6.75% increase. The stock's performance over shorter time frames is similarly concerning, with a 3-month decline of 1.68% versus the Sensex's robust 12.95% gain.

Today's trading session opened with a gap down, starting at Rs 39.23, and the stock has since remained at this price, reaching an intraday low of Rs 39.23. Additionally, Purshottam Investofin is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent downward trend. The erratic trading pattern, with the stock not trading on three days out of the last 20, may also contribute to the current selling pressure.