Sunshine Capital Faces Intense Selling Pressure Amid Consecutive Losses and Record Low Prices

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 experienced a troubling trend of consecutive losses. Over the past day, Sunshine Capital's stock has declined by 2.94%, starkly contrasting with the Sensex, which has gained 0.65%.
In the past week, the stock has plummeted by 13.16%, while the Sensex has risen by 2.38%. The one-month performance reveals a staggering decline of 23.26% for Sunshine Capital, compared to a modest 1.36% increase in the Sensex. Over three months, the stock has lost 46.77%, and its year-to-date performance shows a decline of 78.00%, against the Sensex's 6.60% gain.

Today, Sunshine Capital hit a new 52-week and all-time low of Rs. 0.33, underperforming its sector by 0.8%. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent downward trend. These factors collectively contribute to the ongoing selling pressure observed in Sunshine Capital's stock.