First Custodian Fund(I) Faces Intense Selling Pressure Amid Ongoing Losses

First Custodian Fund(I) Ltd is currently facing significant selling pressure, with the trading day characterized solely by sellers. This trend marks a continuation of consecutive days of losses for the microcap finance company. Over the past week, First Custodian Fund(I) has shown a performance of 0.67%, slightly outperforming the Sensex, which recorded a modest gain of 0.07%. However, the stock's performance over the past month reveals a more pronounced divergence, with a gain of 4.97% compared to the Sensex's decline of 0.52%.
In the longer term, First Custodian Fund(I) has demonstrated remarkable resilience, boasting a 180.32% increase over the past year, significantly outpacing the Sensex's 4.83% rise. Despite this strong performance, the stock has underperformed its sector by 0.77% today.

The stock's moving averages indicate that while it remains above the 50-day, 100-day, and 200-day moving averages, it is currently below the 5-day and 20-day moving averages. This could suggest a shift in momentum, contributing to the ongoing selling pressure. Overall, the stock's recent performance reflects a complex interplay of market dynamics and investor sentiment.