Rajnish Wellness Faces Intense Selling Pressure Amidst Significant Price Declines
Rajnish Wellness Ltd is experiencing significant selling pressure, with a consecutive 12-day decline resulting in an 18.42% loss. The stock has underperformed against the Sensex, showing a year-over-year drop of 85.97%. It is trading below key moving averages, indicating ongoing challenges in the FMCG sector.
Rajnish Wellness Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced a consecutive decline over the past 12 days, resulting in a total loss of 18.42% during this period. Today's performance reflects a decrease of 1.06%, contrasting sharply with the Sensex, which gained 0.49%. Over the past week, Rajnish Wellness has dropped 5.10%, while the Sensex rose by 1.73%. The stock's performance over the last month shows a decline of 4.12%, compared to a 4.10% increase in the Sensex. The longer-term view is even more concerning, with a staggering 85.97% drop over the past year, while the Sensex has risen by 6.40%.
Rajnish Wellness is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent downward trend. The stock has underperformed its sector by 1.14% today, highlighting the ongoing challenges faced by this microcap company in the FMCG industry.
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