Sustainable Energy Infra Trust Faces Intense Selling Pressure Amid Ongoing Losses

Sustainable Energy Infra Trust is currently facing significant selling pressure, with only sellers active in the market today. This trend marks a continuation of a challenging period for the stock, which has experienced consecutive losses over the past eight weeks, resulting in a 0% return during this timeframe. Additionally, the stock has fallen every month for the last six weeks, further highlighting the ongoing downward trajectory.
In terms of performance, Sustainable Energy Infra Trust has shown a 1-year gain of 8.00%, outperforming the Sensex, which recorded a 6.34% increase over the same period. However, the stock's recent performance has been concerning, as it has not only hit a new 52-week and all-time high of Rs. 108 today but has also struggled to maintain momentum.

The stock's moving averages indicate a complex situation; while it remains above the 200-day moving average, it is currently below the 5-day, 20-day, 50-day, and 100-day moving averages. This divergence may contribute to the selling pressure observed. Additionally, the stock boasts a high dividend yield of 4.63% at the current price, which may attract some interest despite the prevailing selling sentiment.