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. The company has experienced a notable decline, with a 4.99% drop in its share price, underperforming the Sensex, which gained 0.42% on the same day. This marks the seventh consecutive day of losses for First Custodian Fund(I), resulting in a staggering 24.66% decline over this period.
Over the past week, the stock has plummeted by 23.12%, while the Sensex has risen by 3.99%. The one-month performance reflects a similar trend, with First Custodian Fund(I) down 24.92% compared to the Sensex's 4.97% increase. Year-to-date, the stock has fallen 25.66%, contrasting sharply with the Sensex's modest gain of 0.22%.

The stock opened with a loss today at Rs 112.25 and reached an intraday low of the same price, indicating a lack of upward movement. Additionally, First Custodian Fund(I) is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, further highlighting the ongoing selling pressure. The combination of these factors suggests a challenging environment for the stock in the current market landscape.