Rajoo Engineers Faces Intense Selling Pressure Amid Significant Price Declines

Rajoo Engineers Ltd is currently facing significant selling pressure, with today's trading session showing only sellers in the market. The stock has experienced a notable decline of 4.99% today, contrasting sharply with the Sensex, which has gained 0.11%. This marks the third consecutive day of losses for Rajoo Engineers, resulting in a cumulative drop of 13.99% over this period.
In terms of performance metrics, Rajoo Engineers has underperformed its sector by 4.47% today. Over the past week, the stock has declined by 8.84%, while its three-month performance shows a substantial decrease of 23.28%. Despite a strong one-month performance of 42.96%, the year-to-date figures reveal a stark decline of 40.36%, significantly lagging behind the Sensex's 2.86% gain.

The stock's intraday low reached Rs 140.55, reflecting a 4.89% drop. While Rajoo Engineers remains above its 20-day and 50-day moving averages, it is currently below its 5-day, 100-day, and 200-day moving averages. These trends indicate a challenging environment for the small-cap plastic products company, with various factors likely contributing to the ongoing selling pressure.