Shangar Decor Ltd Faces Intense Selling Pressure Amid Significant Stock Price Decline

Shangar Decor Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced a notable decline, with its stock price dropping by 4.62% in just one day, starkly contrasting with the Sensex's minimal decline of 0.09%. Over the past week, Shangar Decor has lost 19.48%, while the Sensex gained 1.54%. This trend of consecutive losses extends to eight days, during which the stock has plummeted by 30.34%.
In terms of longer-term performance, Shangar Decor has seen a staggering 63.53% decline over the past year, compared to the Sensex's modest gain of 5.60%. The stock has also hit a new 52-week and all-time low of Rs. 0.62 today, underperforming its sector by 6.06%. Additionally, it is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. The persistent selling pressure may be attributed to various factors, including market sentiment and company-specific challenges, contributing to its ongoing decline in value.