Sunshine Capital Faces Intense Selling Pressure Amid Significant Price Declines

Sunshine Capital Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company, classified as a microcap in the Non-Banking Financial Company (NBFC) sector, has recorded consecutive days of losses, culminating in a sharp decline of 7.69% in just one day. This performance starkly contrasts with the Sensex, which has seen a modest gain of 0.10% during the same period.
Over the past week, Sunshine Capital has also experienced a 7.69% drop, while the Sensex has remained relatively stable with a slight decrease of 0.04%. The stock's performance over the past month reveals a staggering 25% decline, compared to a 2.20% drop in the Sensex. The longer-term trends are equally concerning, with Sunshine Capital down 53.85% over three months and a staggering 91.37% over the past year, while the Sensex has managed a gain of 1.30%.

Today, Sunshine Capital hit a new 52-week and all-time low of Rs. 0.24, trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. These factors contribute to the ongoing selling pressure, reflecting a challenging market position for the company.