Sarthak Global Ltd Faces 14th Day of Losses, Declines 24.19% Amid Significant Selling Pressure

Sarthak Global Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The stock has experienced a consecutive decline over the past 14 days, resulting in a total loss of 24.19%. Today, it opened with a gap down of 2%, reaching an intraday low of Rs 56.92, reflecting a 2% decrease from the previous close.
In terms of performance, Sarthak Global has underperformed the Sensex, which recorded a slight gain of 0.17% today. Over the past week, Sarthak Global has declined by 9.56%, while the Sensex rose by 1.56%. Despite a strong annual performance of 226.19%, the stock's recent trend indicates a stark contrast to the broader market, particularly over the last month, where it gained 6.61% compared to the Sensex's 2.77%.

The stock's current price is above its 50-day, 100-day, and 200-day moving averages, yet it remains below the 5-day and 20-day moving averages, suggesting a shift in momentum. Factors contributing to the selling pressure may include market sentiment and recent trading patterns, which have led to a notable increase in seller activity.