Key Corp Faces Intense Selling Pressure Amid Significant Stock Losses

Key Corp Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The stock has experienced consecutive losses, falling 4.86% in just one day, while the Sensex has gained 0.53% during the same period. Over the past week, Key Corp has declined by 8.73%, contrasting sharply with the Sensex's modest increase of 0.15%.
In the last two days alone, the stock has lost 6.01%, indicating a troubling trend for investors. Notably, the stock reached an intraday low of Rs 200, reflecting a 4.76% drop. Despite a strong performance over the past year, where it gained 114.61% compared to the Sensex's 2.18%, the year-to-date performance shows a decline of 35.18%, against the Sensex's 5.01% drop.

Key Corp's performance over the last three months has been particularly poor, with a staggering 40.24% decline, while the Sensex has only decreased by 8.01%. This selling pressure may be attributed to various factors, including market sentiment and broader economic conditions affecting the finance/NBFC sector. The stock's current price is higher than its 20-day moving average but lower than its 5-day, 50-day, 100-day, and 200-day moving averages, indicating a potential shift in market dynamics.