Reliance Infrastructure Faces Heavy Selling Pressure, Stock Declines 5% to New 52-Week Low

Reliance Infrastructure Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced a notable decline, with a 5.00% drop in its stock price, significantly underperforming the Sensex, which fell by only 0.68%. This marks the sixth consecutive day of losses for Reliance Infrastructure, resulting in a total decline of 20.21% over this period.
Over the past week, the stock has plummeted by 18.50%, and its performance over the last month shows a staggering 25.64% decrease. Year-to-date, Reliance Infrastructure has seen a decline of 42.48%, contrasting sharply with the Sensex's gain of 5.89%. The stock has also hit a new 52-week low of Rs. 174.85 today, opening with a gap down of 5%.

The stock's performance is further illustrated by its trading position below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. These trends indicate a challenging environment for Reliance Infrastructure, with ongoing selling pressure likely influenced by broader market conditions and company-specific factors.