Shyam Century Ferrous Ltd Faces Intense Selling Pressure Amid Significant Price Declines

Shyam Century Ferrous Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced a consecutive decline over the past six days, resulting in a total loss of 7.87% during this period. In today's trading session, Shyam Century Ferrous Ltd fell by 1.94%, contrasting sharply with the Sensex, which gained 0.47%.
Over the past week, the stock has declined by 7.13%, while the Sensex has increased by 0.82%. The performance over the last month shows a slight decrease of 1.10% for Shyam Century Ferrous, compared to a robust 7.32% rise in the Sensex. The longer-term trends are even more concerning, with the stock down 23.92% over the last three months and a staggering 57.96% over the past year, while the Sensex has posted a gain of 9.48% in the same timeframe.

The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent downward trend. This sustained selling pressure may be attributed to various factors, including market sentiment and broader industry challenges within the metal sector.