Rajoo Engineers Faces Intense Selling Pressure Amid Significant Price Declines

Rajoo Engineers Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced consecutive losses, falling 5.00% in just one day and a total of 7.73% over the last two days. This trend is particularly concerning given its performance relative to the Sensex, which has gained 0.44% today.
Over the past week, Rajoo Engineers has declined by 6.67%, while the Sensex has remained relatively stable with a loss of only 0.11%. The stock's performance over the last month shows a positive return of 10.21%, but this is overshadowed by a 17.27% decline over the past three months and a staggering 36.06% drop over the past year. Year-to-date, the stock has plummeted 45.88%, contrasting sharply with the Sensex's gain of 5.64%.

The stock touched an intraday low of Rs 127.55, reflecting a broader trend of underperformance, as it has lagged behind its sector by 4.6% today. Despite being above its 20-day, 50-day, and 100-day moving averages, it remains below its 5-day and 200-day moving averages, indicating a potential shift in market sentiment.