Kridhan Infra Faces Intense Selling Pressure Amid Significant Price Declines

Kridhan Infra Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced a consecutive decline over the past six days, resulting in a total loss of 10.1% during this period. Today, Kridhan Infra's stock price fell by 1.98%, underperforming the Sensex, which decreased by only 0.54%.
In the past week, Kridhan Infra has seen a decline of 8.44%, while the Sensex remained relatively stable with a mere 0.02% drop. Over the past month, the stock has plummeted by 13.09%, compared to the Sensex's modest decline of 1.23%. Year-to-date, Kridhan Infra's performance is particularly concerning, with a decrease of 23.14%, contrasting sharply with the Sensex's gain of 4.61%.

The stock's performance metrics indicate it is currently trading below its 5-day, 20-day, 50-day, and 200-day moving averages, although it remains above the 100-day moving average. This trend suggests a challenging market position for Kridhan Infra, contributing to the ongoing selling pressure.