Sarthak Global Ltd Faces Selling Pressure with 27.17% Decline Over 16 Days of Losses

Sarthak Global Ltd is currently facing significant selling pressure, with today's trading session showing only sellers in the market. The stock has experienced a notable decline of 1.99%, contrasting sharply with the Sensex, which has gained 0.17% today. This marks a continuation of a troubling trend, as Sarthak Global has now recorded losses for 16 consecutive days, resulting in a total decline of 27.17% over this period.
In terms of weekly performance, Sarthak Global has fallen by 9.56%, while the Sensex has risen by 1.41%. Over the past month, the stock has dropped 15.71%, compared to a modest 0.90% increase in the Sensex. Despite a remarkable performance over the past three years, where the stock surged by 686.76%, its recent trajectory raises concerns.

The stock opened at 54.68 today and has remained at this price, indicating a lack of upward movement. While Sarthak Global's moving averages are higher than the 50-day, 100-day, and 200-day averages, they are lower than the 5-day and 20-day averages, suggesting a shift in momentum. The stock's performance today underperformed its sector by 2.05%, further highlighting the prevailing selling sentiment.