Rajoo Engineers Faces Intense Selling Pressure Amid Significant Price Declines

Mar 17 2025 03:20 PM IST
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Rajoo Engineers Ltd is experiencing intense selling pressure, marked by consecutive losses and a significant decline over various time frames. The stock is underperforming compared to the Sensex and is trading below key moving averages, reflecting ongoing challenges in the market and the plastic products sector.
Rajoo Engineers Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced consecutive days of losses, with a notable decline of 4.97% in today's trading session. Over the past week, Rajoo Engineers has lost 7.12%, and its performance over the last month reveals a staggering drop of 26.96%.

In comparison to the Sensex, which has shown a modest gain of 0.47% today, Rajoo Engineers' performance starkly contrasts. Over the past three months, the stock has plummeted by 60.41%, while the Sensex has only declined by 8.07%. Year-to-date, Rajoo Engineers is down 54.55%, significantly underperforming the Sensex's decline of 5.07%.

The stock's price summary indicates that it touched an intraday low of Rs 107, underperforming its sector by 4.02%. Additionally, Rajoo Engineers is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, further highlighting the ongoing selling trend. Factors contributing to this selling pressure may include broader market conditions and specific challenges within the plastic products industry.
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