Rajdarshan Industries Faces Intense Selling Pressure Amid Consecutive Losses and Market Shift

Rajdarshan Industries Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The stock has experienced consecutive losses over the past two days, resulting in a total decline of 10.48%. Today, it opened with a gap down of 4.84%, reaching an intraday low of Rs 48.33.
In terms of performance, Rajdarshan Industries has underperformed the Sensex, which recorded a slight gain of 0.01% today. Over the past week, the stock has decreased by 0.35%, while the Sensex rose by 0.92%. Although the stock had a strong performance over the past month, gaining 18.92%, its three-month performance shows a decline of 10.88%, contrasting with the Sensex's minor drop of 1.38%.

The stock's current price is below several moving averages, including the 5-day, 50-day, 100-day, and 200-day averages, indicating a potential shift in market sentiment. Contributing factors to the selling pressure may include broader market trends and investor sentiment, particularly given the stock's recent performance relative to the Sensex and its sector.