Zodiac Ventures Faces Intense Selling Pressure Amid Significant Price Declines and Losses

Zodiac Ventures Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced a consecutive decline over the past four days, resulting in a substantial loss of 30.57% during this period. Today, the stock fell by 4.99%, while the benchmark Sensex managed a slight gain of 0.25%.
Over the past week, Zodiac Ventures has seen a staggering decline of 28.99%, and its performance over the last month is even more alarming, with a drop of 58.32%. The stock has consistently underperformed relative to the Sensex across various time frames, including a year-to-date decline of 75.96% compared to the Sensex's gain of 4.93%.

The stock recently hit a new 52-week low of Rs. 3.43, indicating ongoing challenges. Additionally, 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 3.15% at the current price may not be enough to offset the prevailing negative sentiment surrounding the stock. Factors contributing to this selling pressure may include broader market trends and company-specific challenges, leading to a lack of buyer interest.