Nam Securities Faces Intense Selling Pressure Amid Continued Price Declines

Jan 05 2024 03:36 PM IST
share
Share Via
Nam Securities Ltd is experiencing notable selling pressure, continuing a trend of losses. Over the past week, the stock has declined, significantly underperforming the broader market. It is trading near its 52-week low, reflecting volatility and a bearish trend in its moving averages.
Nam Securities Ltd is currently facing significant selling pressure, with the stock showing only sellers today. This trend marks a continuation of consecutive days of losses, contributing to a challenging performance landscape for the microcap finance/NBFC company. Over the past week, Nam Securities has declined by 0.21%, while the Sensex has experienced a more pronounced drop of 1.60%.

In the longer term, the stock's performance reveals a stark contrast to the broader market. Over the past three months, Nam Securities has plummeted by 36.62%, compared to a modest decline of 3.61% in the Sensex. Year-to-date, the stock is down 30.14%, while the Sensex has only dipped by 2.27%.

The stock is currently trading close to its 52-week low, just 4.74% away from Rs 92.5. Despite outperforming its sector by 0.27% today, the erratic trading pattern—where the stock did not trade on two days out of the last 20—highlights underlying volatility. Additionally, while the stock is above its 5-day moving average, it remains below the 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend.
{{stockdata.stock.stock_name.value}} Live

{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)

{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)


Our weekly and monthly stock recommendations are here
Loading...
{{!sm.blur ? sm.comp_name : ''}}
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Entry Price
Target Price
{{sm.target_price }} ({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News