Zodiac Ventures Ltd Faces Heavy Selling Pressure, Stock Declines 4.84% to New 52-Week Low

Zodiac Ventures Ltd is currently facing significant selling pressure, with today's trading session showing only sellers in the market. The stock has recorded a notable decline of 4.84% today, contrasting sharply with the Sensex, which has gained 0.41%. This marks the continuation of a troubling trend, as Zodiac Ventures has now experienced consecutive losses over the past two days, totaling a decline of 9.51%.
The stock's performance over the past week, month, and year further underscores its struggles, with losses of 7.23%, 13.99%, and a staggering 79.96%, respectively. Over the last three months, the stock has plummeted by 76.07%, while the Sensex has remained relatively stable, gaining 0.38%. The year-to-date performance reflects a decline of 79.33%, significantly underperforming the Sensex's 6.15% increase.

Today, Zodiac Ventures hit a new 52-week low of Rs. 2.95, and it is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. The high dividend yield of 3.23% at the current price may not be enough to offset the prevailing selling sentiment. Factors contributing to this pressure could include broader market trends, company-specific challenges, or shifts in investor sentiment.