Shalimar Productions Ltd Faces Significant Selling Pressure, Hits New 52-Week Low of Rs. 0.49

Shalimar Productions Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has recorded consecutive days of losses, reflecting a troubling trend in its performance. Over the past week, the stock has generated 0% returns, mirroring its performance over the last month, where it has also failed to gain any traction.
In comparison to the Sensex, Shalimar Productions has underperformed significantly. The stock's one-year performance stands at a decline of 18.33%, while the Sensex has gained 3.22% during the same period. Year-to-date, Shalimar Productions has also seen a drop of 18.33%, contrasting sharply with the Sensex's 7% increase.

The stock recently hit a new 52-week low of Rs. 0.49, indicating ongoing challenges. It has fallen every week for the last eight weeks and every month for the past six weeks, consistently underperforming its sector by 1.87% today. Additionally, Shalimar Productions is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, further highlighting the stock's struggles in the current market environment.