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 12 days, resulting in a total loss of 18.99% during this period. Today's performance reflects a decrease of 1.96%, contrasting sharply with the Sensex, which gained 0.50%.
In terms of broader performance metrics, Kridhan Infra has struggled relative to the Sensex across various time frames. Over the past month, the stock has declined by 5.20%, while the Sensex fell by only 2.72%. Year-to-date, Kridhan Infra has seen a substantial drop of 30.74%, compared to the Sensex's modest gain of 2.71%.

The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Contributing factors to this selling pressure may include market sentiment, company-specific challenges, or broader economic conditions affecting the construction industry. Overall, Kridhan Infra's performance highlights a stark contrast to the Sensex, underscoring the ongoing challenges faced by the company.