Rajeswari Infrastructure Ltd Faces Intense Selling Pressure Amid Significant Price Declines

Rajeswari Infrastructure Ltd is currently facing significant selling pressure, with the stock showing only sellers today. This trend marks a notable shift after a streak of 10 consecutive days of gains. The stock has underperformed its sector by 4.25%, indicating a sharp reversal in momentum.
In terms of performance, Rajeswari Infrastructure has experienced a 5.00% decline today, contrasting with the Sensex, which has seen a minor drop of 0.47%. Over the past week, the stock has gained 20.86%, while the Sensex has risen by 0.88%. However, the longer-term view reveals a more troubling picture, with the stock down 12.35% over the last three months and 29.51% over the past year, compared to the Sensex's modest decline of 0.68% in the same timeframe.

The stock's trading activity has been erratic, having not traded on one day out of the last 20. While it remains above its 5-day, 20-day, 50-day, and 100-day moving averages, it is below the 200-day moving average, suggesting a potential shift in investor sentiment. The combination of these factors contributes to the current selling pressure on Rajeswari Infrastructure Ltd.