SKIL Infrastructure Faces Intense Selling Pressure Amid Significant Price Declines

SKIL Infrastructure Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has recorded consecutive days of losses, with a notable decline of 4.78% in just one day, starkly contrasting with the Sensex, which has only dipped by 0.06% during the same period. Over the past week, SKIL Infrastructure has also underperformed, with a total loss of 4.78%, while the Sensex fell by a mere 0.27%.
The stock's performance over the past month reveals a staggering decline of 21.90%, compared to a 1.45% increase in the Sensex. This trend continues over longer periods, with SKIL Infrastructure down 60.88% over the past year, while the Sensex has gained 4.23%. The stock has hit a new 52-week low of Rs. 2.39 today, further emphasizing its struggles.

Contributing factors to this selling pressure may include erratic trading patterns, as the stock did not trade on four days out of the last 20. Additionally, SKIL Infrastructure is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent downward trend in its market position.