Reliance Infrastructure Faces Significant Selling Pressure, Declines 4.99% Amid Ongoing Losses

Reliance Infrastructure Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The stock has experienced consecutive losses over the past three days, resulting in a total decline of 6.96%. Today, it has fallen by 4.99%, underperforming the Sensex, which is down only 0.48%.
In the past week, Reliance Infrastructure has dropped 5.33%, while the Sensex has remained relatively stable with a minor decrease of 0.07%. Over the last month, the stock has seen a substantial decline of 13.54%, contrasting sharply with the Sensex's gain of 4.90%. The three-month performance reveals a staggering drop of 34.40% for Reliance Infrastructure compared to the Sensex's increase of 4.30%.

Year-to-date, the stock is down 29.61%, while the Sensex has risen by 7.97%. The stock's performance over the last decade has been particularly poor, with a decline of 43.82%, while the Sensex has surged by 212.02%. Today, Reliance Infrastructure touched an intraday low of Rs 214, and it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent downward trend.