Sadhana Nitro Chem Faces Intense Selling Pressure Amidst Significant Price Declines

Sadhana Nitro Chem Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced a consecutive decline over the last 15 days, resulting in a staggering loss of 44.43% during this period. Today, the stock fell by 4.97%, significantly underperforming the Sensex, which decreased by only 0.85%.
In terms of broader performance metrics, Sadhana Nitro Chem has seen a dramatic decline of 79.40% over the past year, while the Sensex has gained 5.83%. The stock's performance over the last month is equally concerning, with a drop of 41.82% compared to a negligible change in the Sensex.

The stock has hit a new 52-week low of Rs. 11.67 today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This persistent selling trend may be attributed to various factors, including market sentiment and company-specific challenges, which have contributed to the stock's underperformance relative to the broader market.