Relic Technologies Faces Intense Selling Pressure Amid Significant Price Declines

Apr 22 2025 11:25 AM IST
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Relic Technologies Ltd is experiencing notable selling pressure, with a nine-day decline resulting in a significant loss. The stock has underperformed compared to the Sensex across various time frames, despite strong long-term gains. Current trends suggest a shift in market sentiment, influenced by broader dynamics or sector challenges.
Relic Technologies Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced a consecutive decline over the past nine days, resulting in a total loss of 16.56% during this period. In contrast, the broader Sensex index has shown resilience, gaining 0.47% today.

In terms of recent performance, Relic Technologies has underperformed the Sensex across various time frames. Over the past week, the stock has dropped by 7.74%, while the Sensex has risen by 3.97%. Even on a monthly basis, Relic Technologies has seen a slight decline of 0.39%, compared to the Sensex's gain of 3.74%.

Despite its strong performance over longer periods—282.09% over the past year and 779.59% over the last decade—current trends indicate a shift in market sentiment. The stock opened at 64.65 and has remained at this price, trading below its 5-day and 20-day moving averages, although still above the 50-day, 100-day, and 200-day averages. This selling pressure may be influenced by broader market dynamics or sector-specific challenges within the finance/NBFC industry.
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