Neo Infracon Ltd Faces Selling Pressure with 9.7% Loss Over Two Days, Stock Down 2.27% Today

Neo Infracon Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced consecutive losses over the past two days, resulting in a total decline of 9.7%. On the day, Neo Infracon's performance was down 2.27%, notably underperforming its sector by 5.21%.
In terms of broader market performance, Neo Infracon has shown remarkable gains over the past year, with a 110.16% increase compared to a 5.82% decline in the Sensex. However, recent trends indicate a shift, as the stock has fallen 6.54% over the past week, while the Sensex has decreased by 1.91%.

The stock reached an intraday high of Rs 51.98, reflecting a 3.67% increase, but also dipped to a low of Rs 47.65, marking a 4.97% decline. Despite being above the 20-day, 50-day, 100-day, and 200-day moving averages, it remains below the 5-day moving average, suggesting a potential shift in momentum. The ongoing selling pressure may be influenced by market sentiment and recent performance trends.