Viji Finance Faces Selling Pressure Amidst Recent Stock Price Decline

Viji Finance 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 decline of 1.78% in its stock price, notably underperforming the Sensex, which has only dipped by 0.06%. This marks a trend reversal for Viji Finance, which had enjoyed five consecutive days of gains prior to this downturn.
Over the past week, Viji Finance has still managed to outperform the Sensex, gaining 18.87% compared to the index's 1% decline. However, the stock's performance over the last month remains impressive at 90.91%, significantly outpacing the Sensex's 3.32% drop. Despite these strong performances in the longer term, including a remarkable 867.61% increase over the past five years, the current selling pressure raises questions about potential contributing factors.

The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong historical performance. However, the recent shift in momentum could be attributed to market corrections or investor sentiment changes. As Viji Finance navigates this selling phase, its performance will be closely monitored against broader market trends.