Kridhan Infra Faces Intense Selling Pressure Amidst Significant Price Declines

Kridhan Infra Ltd is currently facing significant selling pressure, with today's trading session showing only sellers in the market. The stock has experienced a decline of 1.82%, underperforming the Sensex, which is down by 0.73%. This marks a trend reversal for Kridhan Infra, which had seen five consecutive days of gains prior to this downturn.
Over the past week, Kridhan Infra has performed well with a gain of 14.89%, contrasting sharply with the Sensex's decline of 1.02%. However, the stock's year-to-date performance reveals a decline of 16.06%, while the Sensex has gained 4.50% during the same period.

In terms of longer-term performance, Kridhan Infra has shown mixed results: a 23.04% increase over the past year, but a staggering 94.38% drop over the last decade compared to the Sensex's impressive 186.88% rise. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a complex market position.

Potential contributing factors to the selling pressure may include market sentiment shifts and broader economic conditions affecting the construction industry.