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 a consecutive decline over the past four days, resulting in a total loss of 16.85% during this period. Today, the stock fell by 3.90%, markedly underperforming the Sensex, which declined by only 0.85%.
In the broader context, Shangar Decor's performance has been consistently negative. Over the past week, the stock has dropped 12.94%, while the Sensex remained relatively stable with a decrease of just 0.10%. The three-month performance reveals a stark contrast, with Shangar Decor down 26.00%, compared to the Sensex's gain of 6.25%. Year-to-date, the stock has lost 28.16%, while the Sensex has risen by 4.57%.

Several factors may be contributing to this selling pressure, including the stock's underperformance relative to its sector and its position below key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Over the past year, Shangar Decor has seen a staggering decline of 47.89%, further highlighting the challenges faced by the company in the current market environment.