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. This trend marks a continuation of consecutive days of losses, raising concerns among market observers. Over the past week, Purshottam Investofin has experienced a notable decline of 8.32%, contrasting sharply with the Sensex, which has seen a slight decrease of 0.61% during the same period.
In terms of longer-term performance, Purshottam Investofin has struggled, with a 1-month decline of 2.84% compared to a modest gain of 0.39% for the Sensex. The stock's performance over the past year reflects a downturn of 8.83%, while the Sensex has risen by 12.13%. Year-to-date, Purshottam Investofin is down 2.57%, against the Sensex's gain of 3.43%.

Factors contributing to the selling pressure may include broader market trends and specific challenges faced by the microcap non-banking financial company. Despite today's performance, which outperformed its sector by 0.74%, the stock remains below its 200-day moving average, indicating potential underlying weaknesses.