Sadhana Nitro Chem Faces Unprecedented Selling Pressure Amidst 21-Day Loss Streak

Sadhana Nitro Chem Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced a troubling trend, marking its 21st consecutive day of losses, during which it has plummeted by 65.62%. Today, the stock fell by 4.98%, significantly underperforming the Sensex, which saw a modest gain of 0.07%.
Over the past week, Sadhana Nitro Chem has declined by 22.33%, while the Sensex has only dipped by 0.24%. The stock's performance over the last month is particularly alarming, with a staggering drop of 67.33% compared to a 1.59% increase in the Sensex. Year-to-date, Sadhana Nitro Chem has lost 83.44%, contrasting sharply with the Sensex's gain of 6.86%.

The stock has reached a new 52-week low of Rs. 6.68 today and is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This persistent selling pressure may be attributed to various factors, including market sentiment and company-specific challenges, but the data clearly indicates a trend of sustained losses.