Viji Finance Faces Intense Selling Pressure Amidst Market Sentiment Shift

Viji Finance Ltd is currently facing significant selling pressure, with today's trading session showing only sellers in the market. The stock has experienced a consecutive decline over the past four days, resulting in a total loss of 7.13%. Today, Viji Finance's performance dipped by 1.88%, contrasting sharply with the Sensex, which gained 0.38%.
Over the past week, Viji Finance has underperformed the Sensex, with a decline of 2.57% compared to the index's drop of 1.06%. Despite a strong performance in the longer term, including a remarkable 895.21% increase over the past five years, the recent trend indicates a shift in market sentiment.

The stock's current price is above its 20-day, 50-day, 100-day, and 200-day moving averages, yet it remains below the 5-day moving average, suggesting a potential short-term weakness. Contributing factors to the selling pressure may include market volatility and investor sentiment shifts, which have impacted the microcap non-banking financial company. Overall, Viji Finance's performance remains noteworthy, particularly when viewed against the backdrop of the Sensex's broader trends.