Shangar Decor Ltd Faces Intense Selling Pressure Amid Significant Price Declines

Shangar Decor Ltd is currently facing significant selling pressure, with today's trading session showing only sellers in the market. The stock has recorded a notable decline of 4.26%, starkly contrasting with the Sensex, which has only dipped by 0.28%. This marks a continuation of a troubling trend, as Shangar Decor has experienced consecutive days of losses, with a staggering 13.46% drop over the past week.
The stock's performance over the past month reveals a decline of 36.62%, while the Sensex has managed a modest gain of 0.53%. Over a longer horizon, Shangar Decor's performance is even more concerning, with a 50% decrease over the last three months and a staggering 68.71% drop over the past year, compared to the Sensex's 2.92% increase.

Currently, Shangar Decor is trading just 2.22% above its 52-week low of Rs 0.44, indicating a precarious position. The stock is also underperforming its sector by 4.39% and is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. These factors collectively highlight the ongoing challenges faced by Shangar Decor in the current market environment.