Shilpa Medicare Faces Intense Selling Pressure Amid Recent Price Declines

Shilpa Medicare Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The stock has experienced consecutive losses over the past two days, declining by 3.45% during this period. Today, Shilpa Medicare's performance is down 5.00%, notably underperforming the Sensex, which has only dipped by 0.23%.
In the past week, the stock has lost 1.92%, while the Sensex has decreased by 0.96%. Despite a strong performance over the past month, where Shilpa Medicare gained 32.32% compared to the Sensex's decline of 0.88%, the recent trend indicates a shift in market sentiment. Over the last three months, the stock has risen by 47.66%, significantly outperforming the Sensex's 10.02% gain.

Today's trading saw the stock open with a gain of 2.27%, reaching an intraday high of Rs 1003 before falling to a low of Rs 931.75. The stock has shown high volatility today, with an intraday fluctuation of 5.65%. Despite being above the 20-day, 50-day, 100-day, and 200-day moving averages, it remains below the 5-day moving average, indicating a potential shift in momentum.