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 days of losses, with a notable decline of 3.57% in just one day, compared to the Sensex's decrease of 0.75%. Over the past week, Rajoo Engineers has dropped 5.86%, while the Sensex has gained 0.46%. The stock's performance over the last month is particularly concerning, with a staggering decline of 24.81%, contrasting sharply with the Sensex's increase of 2.97%.
Year-to-date, Rajoo Engineers has plummeted by 47.79%, while the Sensex has risen by 4.38%. This trend is indicative of a broader struggle, as the stock has underperformed the sector by 3.44% today. The stock touched an intraday low of Rs 124.55, reflecting a 2.28% decline. Additionally, Rajoo Engineers is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, further highlighting the ongoing selling pressure. Factors contributing to this trend may include market sentiment and company-specific challenges, which have led to a lack of buying interest in the stock.