Shekhawati Industries Faces Intense Selling Pressure Amid Consecutive Losses

Shekhawati Industries Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced consecutive losses over the past two days, with a notable decline of 10.52% during this period. Today, the stock opened with a gap down of 4.88% and reached an intraday low of Rs 22.79, reflecting a decrease of 4.96%.
In terms of performance relative to the Sensex, Shekhawati Industries has underperformed significantly. While the Sensex fell by only 0.53% today, Shekhawati's decline is stark, highlighting the stock's struggles. Over the past month, the stock has dropped 10.56%, contrasting sharply with the Sensex's gain of 4.03%.

The stock's performance over longer periods also reveals a troubling trend, with a year-to-date decline of 24.61% compared to the Sensex's slight decrease of 0.68%. Additionally, Shekhawati Industries is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. These factors collectively contribute to the ongoing selling pressure faced by the stock.