Rajnish Retail Ltd Faces Heavy Selling Pressure with 4.89% Daily Loss Amidst Yearly 34.88% Decline

Rajnish Retail 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 4.89% in just one day, starkly contrasting with the Sensex's minor drop of 0.27%. Over the past week, Rajnish Retail's performance has worsened by 13.26%, while the Sensex has only slipped by 1.04%.
In the month, the stock has declined by 12.94%, diverging from the Sensex, which has gained 3.13%. Year-to-date, Rajnish Retail is down 33.65%, compared to the Sensex's positive performance of 7.18%. Over the past year, the stock has plummeted by 34.88%, while the Sensex has risen by 6.31%.

The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, the broader sector of Diamond & Gold Jewellery has seen a gain of 2.43%, further highlighting Rajnish Retail's underperformance. These factors contribute to the ongoing selling pressure faced by the stock.