Zodiac Ventures Ltd Faces Heavy Selling Pressure, Stock Declines 4.80% to New 52-Week Low

Zodiac Ventures Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has recorded a notable decline of 4.80% in its stock price, contrasting sharply with the Sensex, which has gained 0.10% on the same day. This marks the third consecutive day of losses for Zodiac Ventures, accumulating a total decline of 10.77% over this period.
Over the past week, the stock has dropped 10.20%, while the Sensex has risen by 1.08%. The longer-term performance is equally concerning, with Zodiac Ventures experiencing a staggering 34.37% decline over the past month and a dramatic 78.80% drop over the past year, compared to the Sensex's modest gain of 0.48% in the same timeframe.

Today, the stock hit a new 52-week low of Rs. 3.18, underperforming its sector by 3.96%. Additionally, Zodiac Ventures is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent downward trend. The high dividend yield of 3% at the current price may not be enough to offset the prevailing selling pressure.