Ashika Credit Capital Faces Intense Selling Pressure Amid Significant Price Declines

Apr 22 2025 09:35 AM IST
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Ashika Credit Capital Ltd is experiencing significant selling pressure, with a four-day decline resulting in a 17.37% loss. The stock opened lower today and has consistently traded at this price. It has notably underperformed against the Sensex, with substantial declines over various time frames, indicating a bearish trend.
Ashika Credit Capital Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The stock has experienced a consecutive decline over the past four days, resulting in a total loss of 17.37% during this period. Today, it opened with a gap down of 4.99%, reaching an intraday low of Rs 420.6, and has since traded at this price without any range.

In terms of performance relative to the Sensex, Ashika Credit Capital has notably underperformed. Over the past week, the stock has declined by 17.37%, while the Sensex has gained 3.66%. The one-month performance shows a stark contrast, with Ashika down 37.78% compared to the Sensex's modest increase of 3.43%. Year-to-date, the stock has plummeted by 49.39%, while the Sensex has only seen a slight rise of 1.80%.

Several factors may be contributing to this selling pressure, including broader market trends and potential concerns within the finance/NBFC sector. Additionally, Ashika Credit Capital is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend.
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