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 five days, resulting in a total loss of 9.52%. In today's trading session, Elixir Capital's stock fell by 1.97%, underperforming the Sensex, which declined by 1.78%.
Over the past week, Elixir Capital has seen a notable drop of 7.69%, while the Sensex has only decreased by 2.54%. The stock's performance over the last month shows a slight decline of 1.12%, contrasting sharply with the Sensex's gain of 3.88%. More concerning is the three-month performance, where Elixir Capital has plummeted by 60.03%, compared to the Sensex's modest decline of 3.14%.

Despite a strong yearly performance of 48.88%, the year-to-date figures reveal a staggering drop of 60.82% for Elixir Capital, while the Sensex has only fallen by 2.69%. The stock is currently trading above its 20-day moving average but below its 5-day, 50-day, 100-day, and 200-day moving averages, indicating a challenging market position for this microcap finance company.