Rajoo Engineers Faces Intense Selling Pressure Amid Significant Stock Price Declines

Rajoo Engineers Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced a notable decline, with a 4.97% drop in its stock price, contrasting sharply with the Sensex's minor decline of 0.23%. This marks the seventh consecutive day of losses for Rajoo Engineers, during which it has seen a cumulative decline of 19.39%.
Over the past week, the stock has fallen by 13.70%, and its performance over the last month reveals a staggering 28.10% decrease. In a broader context, Rajoo Engineers has underperformed the Sensex significantly, with a year-to-date decline of 49.68% compared to the Sensex's 6.68% drop.

The stock's current price performance is also concerning, as it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The intraday low reached Rs 118.45 highlights the ongoing selling trend. Factors contributing to this selling pressure may include market sentiment, sector-specific challenges, or company-specific issues, but further analysis would be required to pinpoint exact causes.