Rajoo Engineers Faces Intense Selling Pressure Amid Consecutive Losses and Declining Stock Performance

Mar 11 2025 01:00 PM IST
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Rajoo Engineers Ltd is experiencing notable selling pressure, with the stock declining significantly over various time frames. In the last two days, it has dropped nearly 8%, contrasting sharply with the Sensex's minor decrease. The stock is trading below multiple moving averages, indicating a bearish trend.
Rajoo Engineers Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced consecutive losses, with a decline of 4.99% in just one day, marking a total drop of 7.96% over the last two days. This performance starkly contrasts with the Sensex, which has only decreased by 0.17% today.

Over the past week, Rajoo Engineers has seen a decline of 7.79%, while the Sensex has gained 1.37%. The stock's performance over the past month is particularly concerning, with a drop of 30.02% compared to the Sensex's modest decline of 3.02%. In the last three months, Rajoo Engineers has plummeted by 55.84%, against the Sensex's decrease of 9.24%.

The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The day's low for Rajoo Engineers was Rs 110, reflecting a decline of 4.51%. These trends suggest a challenging environment for the company, contributing to the ongoing selling pressure.
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