Sangam Finserv Faces Intense Selling Pressure Amid Significant Price Declines

Sangam Finserv Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced a consecutive decline over the past five days, resulting in a total loss of 22.64% during this period. Today, the stock fell by 4.99%, while the benchmark Sensex gained 0.81%, highlighting a stark underperformance relative to the broader market.
Over the past week, Sangam Finserv has dropped 18.52%, again contrasting sharply with the Sensex's modest gain of 0.91%. The stock's performance over the last month has been particularly troubling, with a decline of 36.10%, compared to a slight decrease of 1.57% in the Sensex.

Despite a strong annual performance of 96.39%, the year-to-date figures show a decline of 28.43%, significantly underperforming the Sensex, which is down only 4.31%. The stock's price summary indicates it reached an intraday high of Rs 41.4 but fell to a low of Rs 37.48 today. Additionally, while the stock remains above its 200-day moving average, it is trading below its shorter-term moving averages, indicating a potential shift in market sentiment.