Rita Finance and Leasing Ltd Faces Significant Selling Pressure with 9.99% Daily Loss

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 a one-day performance of -9.99%, starkly contrasting with the Sensex's modest gain of 0.35%. Over the past week, Rita Finance has lost 10.60%, while the Sensex has risen by 2.26%. This trend of consecutive losses extends to three days, during which the stock has fallen by a total of 11.98%. The stock's performance over the past month reveals a staggering decline of 26.21%, compared to the Sensex's increase of 1.70%. The price summary indicates that Rita Finance touched an intraday low of Rs 18.3, reflecting high volatility with an intraday fluctuation of 5.23%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, further emphasizing its underperformance. Factors contributing to this selling pressure may include broader market trends and company-specific challenges, which have led to a significant divergence from the performance of the Sensex.