Purple Finance Ltd Faces Intense Selling Pressure Amid Significant Price Declines

Purple Finance Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced a notable decline, with its stock price dropping by 4.09% in a single day, contrasting sharply with the Sensex, which gained 0.30%. Over the past week, Purple Finance has lost 11.03%, while the Sensex remained relatively stable with a decrease of just 0.09%.
The stock's performance over the last month reveals a decline of 14.51%, significantly underperforming the Sensex's drop of 2.57%. In the last three months, Purple Finance has plummeted by 47.24%, compared to the Sensex's decline of 8.23%. Year-to-date, the stock is down 37.78%, while the Sensex has only decreased by 5.24%.

Currently, Purple Finance is trading close to its 52-week low, just 1.37% away from Rs 41.17. The stock has been on a downward trend for the past six consecutive days, resulting in a total loss of 17.33% during this period. Today's intraday low was recorded at Rs 41.74, marking a decline of 4.57%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent bearish trend.