Elixir Capital Faces Intense Selling Pressure Amid Significant Price Declines

Elixir Capital Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced a consecutive decline over the past six days, resulting in a total loss of 11.3% during this period. Today, Elixir Capital's performance dipped by 1.97%, contrasting sharply with the Sensex, which gained 0.64%.
Over the past week, Elixir Capital has underperformed the Sensex, with a decline of 7.66% compared to the index's slight drop of 1.01%. In the last month, the stock has decreased by 3.07%, while the Sensex has risen by 4.52%. The three-month performance reveals a staggering decline of 60.02% for Elixir Capital, against a modest 4.30% drop in the Sensex.

Despite a strong one-year performance of 48.59%, the year-to-date figures show a significant decline of 61.60%, while the Sensex has only decreased by 2.09%. The stock's current price is above its 20-day moving average but below its 5-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Factors contributing to this selling pressure may include market sentiment and broader economic conditions affecting the finance/NBFC sector.