Viji Finance Ltd Faces Selling Pressure, Stock Declines 3.49% Amid Ongoing Losses

Viji Finance Ltd is currently facing significant selling pressure, with today's trading session showing only sellers in the market. The stock has experienced consecutive losses over the past two days, declining by 5.59% during this period. Today, Viji Finance Ltd reported a performance drop of 3.49%, starkly contrasting with the Sensex, which gained 0.86%.
Over the past month, Viji Finance has seen a decline of 8.43%, while the Sensex has risen by 2.54%. This trend continues over longer periods, with the stock down 25.67% in the last three months and 23.23% over the past year, compared to the Sensex's respective gains of 5.43% and 7.52%. Year-to-date, Viji Finance has underperformed the Sensex by 14.43%, with a decline of 6.17%.

The stock's performance today underperformed its sector by 4.14%. While it remains above its 5-day and 200-day moving averages, it is below the 20-day, 50-day, and 100-day moving averages, indicating a potential shift in market sentiment. The ongoing selling pressure may be attributed to various factors, including market volatility and investor sentiment surrounding the non-banking financial sector.