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 consecutive losses, with a decline of 4.88% in just one day, marking a total drop of 9.3% over the last two days. This performance starkly contrasts with the Sensex, which has gained 0.83% today and 1.45% over the past week.
Over the past month, Shangar Decor has seen a substantial decline of 15.22%, while the Sensex has remained relatively stable with a modest increase of 0.27%. The stock's year-to-date performance is particularly concerning, down 62.14%, compared to the Sensex's gain of 3.97%. In the past year, Shangar Decor has plummeted by 77.40%, significantly underperforming the Sensex, which has only declined by 1.35%.

The stock has hit a new 52-week and all-time low of Rs. 0.39 today, indicating a challenging market position. Additionally, it is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. The ongoing selling pressure may be attributed to a combination of poor financial performance and market sentiment, leading to a lack of buyer interest in the stock.