Rajoo Engineers Faces Intense Selling Pressure Amid Consecutive Losses and Market Underperformance

Rajoo Engineers Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced consecutive losses over the past four days, resulting in a total decline of 14.89% during this period. Today, the stock opened with a gap down of 3.85% and reached an intraday low of Rs 117.2, reflecting a decrease of 4.99% for the day.
In comparison to the broader market, Rajoo Engineers has underperformed relative to the Sensex, which is down by 1.01% today. Over the past week, the stock has declined by 12.22%, while the Sensex has only seen a 1.22% drop. The disparity continues over longer periods, with Rajoo Engineers down 50.25% year-to-date, contrasting sharply with the Sensex's modest gain of 1.77%.

Several factors may be contributing to this selling pressure, including market sentiment and potential operational challenges within the small-cap plastic products sector. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend.