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 4.92% in just one day, starkly contrasting with the Sensex's minor drop of 0.26%. Over the past week, SKIL Infrastructure has also underperformed, with a total loss of 4.92%, while the Sensex gained 2.37%.
The stock's performance over the past month reveals a troubling trend, with a decline of 13.15% compared to the Sensex's increase of 2.93%. This downward trajectory extends to longer time frames, with a staggering 57.89% loss over the past year, while the Sensex has risen by 6.08%. The stock has hit a new 52-week low of Rs. 2.51 today, indicating ongoing challenges.

Several factors may be contributing to this selling pressure, including 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, further highlighting its weak market position in the construction industry.