K&R Rail Engineering Faces Intense Selling Pressure Amid Significant Price Declines

K&R Rail Engineering Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced a notable decline, with its stock price down 4.97% in a single day, contrasting sharply with the Sensex, which has only dipped 0.21%. Over the past week, K&R Rail Engineering has lost 21.79%, while the Sensex remained unchanged.
The stock's performance over the past month reveals a staggering 32.78% decline, and it has plummeted 66.07% over the last three months. Year-to-date, K&R Rail Engineering has seen a drop of 69.17%, compared to a modest 2.53% gain in the Sensex. The stock has now reached a new 52-week low of Rs.107.15, reflecting a continuous downward trend, with losses recorded for the last 11 consecutive days, amounting to a total decline of 26.86% during this period.

K&R Rail Engineering is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent bearish trend. The lack of buyers and the ongoing selling pressure may be attributed to various market factors affecting investor sentiment in the capital goods sector.