IRIS Business Services Faces Intense Selling Pressure Amid Consecutive Losses

Mar 26 2025 11:25 AM IST
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IRIS Business Services Ltd is experiencing notable selling pressure, with consecutive days of losses and a significant decline today. Despite a strong performance over the past year, the stock has faced challenges year-to-date. It remains above some moving averages, indicating potential shifts in market sentiment amid high volatility.
IRIS Business Services Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced consecutive days of losses, with a 1.99% decline in its stock price today, contrasting sharply with the Sensex's modest drop of 0.21%. Over the past week, IRIS Business Services has seen a total decline of 2.08%, while the Sensex gained 3.19%.

In the longer term, the stock's performance has been mixed; it has gained 231.66% over the past year, significantly outperforming the Sensex's 7.43% increase. However, year-to-date, IRIS Business Services has declined by 11.89%, while the Sensex has only dipped by 0.36%.

The stock opened at 403.3 today and has remained at this price, indicating a lack of buyer interest amid high volatility, with an intraday volatility rate of 11228.65%. The stock is currently trading above its 20-day and 200-day moving averages but below its 5-day, 50-day, and 100-day moving averages. This trend suggests a potential shift in market sentiment, contributing to the ongoing selling pressure.
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