Shri Keshav Cements Faces Selling Pressure, Declines 4.99% Amid Ongoing Losses and Sellers.

Shri Keshav Cements & Infra 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, resulting in a total decline of 7.89%. Today, it reported a performance drop of 4.99%, starkly contrasting with the Sensex, which gained 0.17% during the same period.
Despite a strong performance over the past month, where it surged by 62.83%, the recent trend indicates a shift in market sentiment. The stock's performance relative to the Sensex has been noteworthy, with a year-to-date increase of 26.78% compared to the Sensex's 4.83%. However, the current selling pressure may be attributed to various factors, including profit-taking after a substantial rally and broader market dynamics.

The stock touched an intraday low of Rs 255, reflecting a decline of 3.97%. Notably, Shri Keshav Cements is still trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating that it has maintained a relatively strong position despite the recent downturn.