Rita Finance and Leasing Ltd Faces Heavy Selling Pressure, Stock Declines 18.03% to Rs. 14.7

Rita Finance and Leasing Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced a notable decline, with its stock price plummeting by 18.03% in a single day, starkly contrasting with the Sensex's minor drop of 0.22%. Over the past week, Rita Finance has lost 27.85%, while the Sensex has gained 0.94%. This trend continues over longer periods, with the stock down 32.22% in the last month and 38.52% over the past three months.
The stock has been on a downward trajectory for four consecutive days, accumulating a total loss of 29.29% during this period. Today, Rita Finance hit a new 52-week low of Rs. 14.7, reflecting a significant underperformance against its sector by 19.02%. Despite opening with a gain of 3.22%, the stock quickly reversed course, reaching an intraday low of Rs. 14.7. The high volatility observed today, with an intraday fluctuation of 14.78%, further underscores the stock's instability. Additionally, Rita Finance is trading below all key moving averages, indicating a challenging market position for the microcap non-banking financial company.