Shangar Decor Ltd Faces Intense Selling Pressure, Stock Declines 2.78% to New All-Time Low

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 decline of 2.78%, markedly underperforming the Sensex, which fell by just 0.39%. This trend of losses is not isolated; Shangar Decor has experienced consecutive declines over the past three days, accumulating a total drop of 7.89% during this period.
The stock's performance over various time frames highlights a troubling trajectory. Over the past month, it has plummeted by 22.22%, and year-to-date, it has lost 66.02%. In stark contrast, the Sensex has gained 4.66% in the same timeframe. The stock has also reached a new 52-week and all-time low of Rs. 0.35 today, indicating a significant downturn.

Contributing factors to this selling pressure may include broader market trends, company-specific challenges, or shifts in investor sentiment. Notably, Shangar Decor is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, further underscoring its current struggles in the market.