Shangar Decor Ltd Faces Intense Selling Pressure Amidst Significant Price Declines

Shangar Decor Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced consecutive days of losses, with a decline of 3.85% in just one day, marking a total drop of 7.41% over the last two days. This performance starkly contrasts with the Sensex, which has only decreased by 0.18% today.
Over the past week, Shangar Decor has lost 5.66%, while the Sensex fell by 1.33%. The disparity becomes even more pronounced over longer periods, with the stock down 41.18% in the last month compared to a modest 0.77% gain for the Sensex. Year-to-date, Shangar Decor has plummeted 51.46%, while the Sensex has risen by 5.48%.

The stock is trading close to its 52-week low, just 2% away from Rs 0.49, and is underperforming its sector by 4.08%. Additionally, it is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. These trends indicate a challenging environment for Shangar Decor amidst ongoing selling activity.