Shardul Securities Faces Intense Selling Pressure Amid Significant Price Declines

Shardul Securities Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The stock has experienced a notable decline of 6.17%, contrasting sharply with the Sensex, which has only dipped by 0.30%. This marks a continuation of a downward trend, as Shardul Securities has recorded consecutive days of losses following three days of gains.
Over the past week, the stock has marginally declined by 0.13%, while the Sensex has risen by 3.10%. In the longer term, Shardul Securities has seen a staggering 44.08% drop over the past three months, compared to a slight decrease of 0.87% in the Sensex. Year-to-date, the stock is down 47.30%, significantly underperforming the Sensex's decline of just 0.45%.

Today's trading saw the stock reach an intraday high of Rs 49.87, but it fell to a low of Rs 45.55, indicating volatility. The stock's performance is currently higher than its 20-day moving average but lower than its 5-day, 50-day, 100-day, and 200-day moving averages. This trend suggests a potential shift in market sentiment, contributing to the ongoing selling pressure.