Sonu Infratech Ltd Faces Significant Selling Pressure with 5% Daily Loss Amid Ongoing Declines

Sonu Infratech Ltd is currently facing significant selling pressure, with today's trading session showing only sellers in the market. The stock has recorded a notable decline of 5.00% today, starkly contrasting with the Sensex, which has only dipped by 0.07%. This marks a continuation of a troubling trend, as Sonu Infratech has experienced consecutive days of losses, with a weekly decline of 7.82% and a monthly drop of 8.73%.
Over the past three months, the stock has plummeted by 24.31%, while the Sensex has gained 4.07%. Year-to-date, Sonu Infratech has fallen by 22.42%, compared to the Sensex's positive performance of 7.34%. Despite a strong performance over the past three years, where the stock rose by 144.68%, its longer-term outlook appears less favorable, with no change in price over the last five and ten years, while the Sensex has surged significantly.

The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Factors contributing to this selling pressure may include broader market conditions and sector-specific challenges within the construction industry.