Reliance Home Finance Faces Significant Selling Pressure with 4.80% Decline Amid Ongoing Losses

Reliance Home Finance Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced a consecutive decline over the past seven days, resulting in a total loss of 20.63% during this period. Today, the stock fell by 4.80%, while the benchmark Sensex posted a marginal gain of 0.03%.
Over the past week, Reliance Home Finance has underperformed the Sensex, with a decline of 18.92% compared to the index's drop of just 1.54%. The stock's performance over the last month is similarly concerning, down 27.78% against a slight increase of 0.13% for the Sensex.

In terms of longer-term performance, Reliance Home Finance has seen a 42.71% decrease over the past three months, while the Sensex has only declined by 1.23%. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend.

These trends suggest a challenging environment for Reliance Home Finance, with potential contributing factors to the selling pressure likely rooted in broader market conditions and company-specific issues.