Shelter Infra Projects Faces Intense Selling Pressure Amid Consecutive Losses

Shelter Infra Projects Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced consecutive days of losses, with a notable decline of 5.00% in its one-day performance, contrasting sharply with the Sensex, which gained 0.45% during the same period. Over the past week, Shelter Infra Projects has dropped 6.75%, while the Sensex has risen by 1.46%.
In terms of longer-term performance, the stock has shown mixed results. It has gained 2.36% over the past month, but this is still below the Sensex's 3.91% increase. Year-to-date, Shelter Infra Projects is down 17.93%, compared to the Sensex's positive 5.66%. Over three years, the stock has declined by 14.37%, while the Sensex has surged by 49.24%.

Despite being higher than the 50-day, 100-day, and 200-day moving averages, the stock is currently lower than its 5-day and 20-day moving averages, indicating a short-term weakness. The ongoing selling pressure may be attributed to various market dynamics, including investor sentiment and sector-specific challenges within the construction industry.