Shelter Infra Projects Faces Intense Selling Pressure Amid Ongoing Losses

Shelter Infra Projects Ltd is currently facing significant selling pressure, with the stock showing only sellers today. This trend marks a continuation of consecutive days of losses, raising concerns among market observers. Despite a notable one-day performance where the stock surged by 10.00%, it has struggled in the year-to-date performance, showing a decline of 4.97% compared to the Sensex, which has gained 4.77% during the same period.
Over the past week, Shelter Infra Projects has outperformed the Sensex, with a gain of 29.22% against the index's 0.89%. However, this short-term success contrasts sharply with its longer-term performance metrics. Over three years, the stock has only increased by 3.53%, while the Sensex has risen by 50.70%. Additionally, the five-year performance shows a gain of 115.16% for Shelter Infra, but this is overshadowed by the Sensex's impressive 165.64% increase.

The stock opened today at Rs 17.6, reaching an intraday high of Rs 17.6, but has since traded at this price without any range. Shelter Infra is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a complex market position amidst the selling pressure.