Shardul Securities Faces Intense Selling Pressure Amid Consecutive Losses and Declining Performance

Shardul Securities Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced consecutive losses over the past three days, with a cumulative decline of 15.1%. Today, the stock fell by 5.00%, significantly underperforming the Sensex, which decreased by only 0.38%.
In the past week, Shardul Securities has seen a decline of 9.64%, while the Sensex gained 0.52%. Over the last month, the stock has dropped 5.41%, contrasting with the Sensex's rise of 5.62%. The three-month performance reveals a staggering decline of 50.51% for Shardul Securities, compared to a minor drop of 1.77% in the Sensex.

Year-to-date, the stock has plummeted by 52.43%, while the Sensex has only dipped by 1.06%. Despite a strong performance over the longer term, including a 122.24% increase over three years, the recent trends indicate a troubling shift. The stock opened with a gap down of 4.88% today and reached an intraday low of Rs 41.07. Additionally, it is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, further highlighting the current bearish sentiment surrounding Shardul Securities.