Rajdarshan Industries Faces Intense Selling Pressure Amid Significant Price Declines

Rajdarshan Industries Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The stock has experienced a notable decline of 9.73% in just one day, starkly contrasting with the Sensex's modest drop of 0.70%. This marks the third consecutive day of losses for Rajdarshan Industries, which has seen a cumulative decline of 15.08% over this period.
In terms of weekly performance, the stock has decreased by 5.46%, while the Sensex has gained 0.20%. Over the past month, however, Rajdarshan Industries has outperformed the index with a 12.82% increase compared to the Sensex's 5.28%. Despite this, the stock's three-month performance shows a decline of 15.45%, significantly underperforming the Sensex's drop of only 2.08%.

The stock opened today at Rs 45.85, reflecting a gap down of 4.99%, and has since traded within this range, reaching an intraday low of Rs 45.85. Moving averages indicate that the stock is currently higher than its 20-day average but lower than the 5-day, 50-day, 100-day, and 200-day averages. This trend suggests a challenging market position for Rajdarshan Industries amidst ongoing selling activity.