Royal India Corporation Faces Intense Selling Pressure Amid Significant Price Declines

Royal India Corporation Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced consecutive losses over the past three days, resulting in a total decline of 5.71%. Today, the stock fell by 1.94%, while the Sensex remained unchanged at 0.00%. Over the past week, Royal India Corporation has seen a decline of 6.23%, compared to a slight drop of 0.98% in the Sensex.
In the longer term, the stock's performance has been notably poor, with a staggering 78.20% decrease over the past year, while the Sensex has gained 3.98%. Year-to-date, the stock is down 68.12%, contrasting sharply with the Sensex's 6.52% increase. Despite a strong performance over three, five, and ten years, recent trends indicate a troubling shift.

The stock's current price is above its 50-day moving average but below its 5-day, 20-day, 100-day, and 200-day moving averages. Additionally, the sector itself has seen a trading decline of 4.72%, which may be contributing to the selling pressure faced by Royal India Corporation.