Reliance Infrastructure Faces Significant Selling Pressure, Declines 4.98% Amidst Ongoing Losses

Reliance Infrastructure Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The stock has experienced a notable decline of 4.98%, starkly contrasting with the Sensex's minimal drop of 0.09%. This marks a trend reversal after five consecutive days of gains, indicating a shift in market sentiment.
Over the past month, Reliance Infrastructure has seen a substantial loss of 19.87%, while the Sensex has gained 1.09%. The three-month performance reveals a staggering decline of 31.69% for the stock, compared to a 4.43% increase in the Sensex. Year-to-date, Reliance Infrastructure has plummeted by 41.04%, while the Sensex has risen by 8.61%.

Today's trading session has been characterized by high volatility, with an intraday range between Rs 179.25 and Rs 193.4. The stock's performance today underperformed its sector by 4.47%. Additionally, while the stock is currently above its 5-day moving average, it remains below its 20, 50, 100, and 200-day moving averages, reflecting ongoing challenges in maintaining upward momentum.