Shalimar Productions Faces Intense Selling Pressure Amid Continued Price Declines

Shalimar Productions Ltd is currently facing significant selling pressure, with the stock showing only sellers today. This trend marks a continuation of its struggles, as the company has experienced consecutive days of losses. Over the past year, Shalimar Productions has declined by 12.50%, starkly contrasting with the Sensex, which has gained 9.21% during the same period. Year-to-date, the stock has dropped 18.33%, while the Sensex has risen by 5.40%.
The three-year performance reveals a substantial decline of 28.99% for Shalimar Productions, compared to a robust 51.80% increase in the Sensex. Even over a decade, the stock has only managed a slight decrease of 2.00%, while the Sensex has surged by 199.13%.

Today, Shalimar Productions hit a new 52-week low of Rs. 0.49 and has underperformed its sector by 0.33%. The stock has fallen every week for the last eight weeks, generating 0% returns in that timeframe. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent downward trend.