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 a notable decline, with a 4.98% drop in its share price, contrasting sharply with the Sensex's minor decrease of 0.22%. This marks the third consecutive day of losses for Rajoo Engineers, accumulating a total decline of 12.57% over this period.
In terms of performance metrics, Rajoo Engineers has underperformed the sector by 4.93% today. Over the past week, the stock has fallen 6.96%, while the Sensex has gained 0.35%. The longer-term outlook reveals a stark contrast, with a 38.67% decline over the past year compared to the Sensex's modest increase of 2.99%. Year-to-date, Rajoo Engineers has plummeted 48.58%, while the Sensex has risen 5.64%.

The stock opened with a loss today at Rs 121.05, reaching an intraday low of the same price. Additionally, Rajoo Engineers is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent downward trend. These factors collectively contribute to the ongoing selling pressure observed in the stock.