Rajasthan Petro Synthetics Faces Selling Pressure with 1.95% Decline Amid Stagnant Year-to-Date Performance

Rajasthan Petro Synthetics Ltd is currently facing significant selling pressure, with the stock showing only sellers today. This trend marks a continuation of consecutive days of losses, as the stock has not recorded any gains over the past week, reflecting a decline of 1.95%. In contrast, the Sensex has shown a slight increase of 0.85% during the same period.
Over the past month, Rajasthan Petro Synthetics has managed a modest gain of 2.32%, outperforming the Sensex, which rose by 0.75%. However, the stock's year-to-date performance remains stagnant at 0.00%, while the Sensex has increased by 8.25%. Notably, the stock has demonstrated impressive growth over the past three years, with a staggering increase of 688.81%, compared to the Sensex's 37.17%.

The price summary indicates erratic trading patterns, as the stock did not trade on three days out of the last 20. While it remains above its 20-day, 50-day, 100-day, and 200-day moving averages, it is currently lower than its 5-day moving average. These factors may contribute to the ongoing selling pressure observed in Rajasthan Petro Synthetics Ltd.