Neo Infracon Faces Selling Pressure Amidst Recent Gains and Market Volatility

Neo Infracon Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced consecutive days of losses, with a notable decline of 3.01% in its one-day performance, contrasting sharply with the Sensex's minor drop of 0.27%. Over the past week, however, Neo Infracon has demonstrated resilience, gaining 12.25%, while the Sensex fell by 1.40%.
Despite its recent gains, the stock's performance over the last month remains stagnant at 0.00%, compared to the Sensex's increase of 1.43%. In the longer term, Neo Infracon has shown impressive growth, with a 93.26% rise over the past year, significantly outperforming the Sensex's 2.18% gain. However, its performance over the last decade reveals a decline of 8.89%, while the Sensex has surged by 194.56%.

Today's trading saw Neo Infracon reach a new 52-week high of Rs. 33.83, although it also touched a low of Rs. 31.22. The stock opened with a gap up of 4.9% but has since faced selling pressure. Contributing factors to this trend may include market volatility and investor sentiment shifts within the realty sector.