Mansi Finance Faces Intense Selling Pressure Amid Consecutive Price Declines

Mansi Finance (Chennai) Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The stock has experienced a consecutive decline over the past four days, resulting in a total loss of 7.73% during this period. Today, Mansi Finance opened with a gap down of 2%, reaching an intraday low of Rs 68.63.
In terms of performance, Mansi Finance has underperformed relative to the Sensex, which has shown a slight gain of 0.31% today. Over the past week, the stock has declined by 3.12%, while the Sensex remained nearly flat with a 0.04% increase. Despite a strong performance over the past year, where Mansi Finance gained 41.42% compared to the Sensex's 4.81%, the year-to-date performance reflects a decline of 6.04%, against the Sensex's loss of 2.48%.

The stock's current trading levels are above the 20-day, 50-day, and 200-day moving averages, but below the 5-day and 100-day moving averages, indicating a potential shift in market sentiment. The ongoing selling pressure may be influenced by broader market trends or specific company-related factors, contributing to the stock's recent underperformance.