Sonu Infratech Faces Intense Selling Pressure Amid Ongoing Price Declines and Market Concerns

Sonu Infratech Ltd is currently facing significant selling pressure, with the stock showing only sellers today. This trend marks a continuation of consecutive days of losses, raising concerns among market observers. Over the past month, Sonu Infratech has declined by 5.70%, contrasting sharply with the Sensex, which has gained 1.28% during the same period.
In the short term, the stock's performance has been mixed; while it has shown a 25.44% increase over the last three months, it has underperformed against the Sensex, which rose by 7.69%. Year-to-date, Sonu Infratech has managed an 11.75% gain, outpacing the Sensex's 6.52%. However, the longer-term view reveals a stark reality: over the past five and ten years, the stock has stagnated at 0.00%, while the Sensex has surged by 136.64% and 199.26%, respectively.

The current selling pressure may be attributed to various factors, including market sentiment and broader economic conditions affecting the construction industry. Despite this, Sonu Infratech is trading above its moving averages across multiple time frames, indicating some underlying strength.