Shangar Decor Ltd Faces Intense Selling Pressure Amid Significant Price Declines

Shangar Decor 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, with a notable decline of 11.54% during this period. Today, the stock fell by 4.17%, underperforming the Sensex, which recorded a modest gain of 0.29%.
In terms of longer-term performance, Shangar Decor has struggled considerably. Over the past month, the stock has plummeted by 40.26%, while the Sensex has remained relatively stable with a slight increase of 0.03%. Year-to-date, Shangar Decor has seen a decline of 55.34%, contrasting sharply with the Sensex's gain of 5.50%. The stock's performance over the past year is particularly concerning, with a staggering drop of 66.76% compared to the Sensex's 2.40% increase.

Today, Shangar Decor hit a new 52-week and all-time low of Rs. 0.46, indicating a challenging market position. The stock is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, further highlighting the prevailing bearish sentiment. The stock's performance has underperformed its sector by 5.23%, reflecting broader challenges within the company.