First Custodian Fund(I) Faces Intense Selling Pressure Amid Significant Price Declines

First Custodian Fund(I) Ltd is currently facing significant selling pressure, with the stock showing only sellers today. This trend marks a continuation of consecutive days of losses, raising concerns among market observers. Over the past week, the stock has declined by 0.61%, while the Sensex has experienced a slightly larger drop of 1.11%. However, the one-month performance reveals a stark contrast, with First Custodian Fund(I) down 28.09%, compared to the Sensex's gain of 4.42%.
In the three-month period, First Custodian Fund(I) has lost 21.97%, while the Sensex has decreased by only 4.39%. Year-to-date, the stock has plummeted by 29.80%, against the Sensex's modest decline of 2.18%. Despite these recent struggles, the stock has shown impressive long-term growth, with a one-year performance of 114.36% and a five-year increase of 225.65%.

Currently, First Custodian Fund(I) is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The combination of these factors suggests a challenging environment for the stock, warranting close attention from market participants.