Sangam Finserv Faces Intense Selling Pressure Amid Significant Price Declines

Sangam Finserv Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced a consecutive decline over the past seven days, resulting in a substantial loss of 26.42% during this period. Today, the stock opened with a notable gap down of 7.52%, reaching an intraday low of Rs 34.57.
In terms of performance, Sangam Finserv has underperformed relative to the broader market, with a one-day decline of 4.63% compared to the Sensex's modest gain of 0.70%. Over the past week, the stock has dropped 14.14%, while the Sensex has risen by 2.91%. The one-month performance reveals a staggering decline of 36.73% for Sangam Finserv, contrasting sharply with the Sensex's slight increase of 0.32%.

Several factors may be contributing to this selling pressure, including broader market trends and potential concerns specific to the finance/NBFC sector. Notably, despite the recent downturn, Sangam Finserv has shown strong performance over the longer term, with a 69.76% increase over the past year. However, year-to-date, the stock is down 31.93%, further highlighting the current challenges it faces.