Ajanta Soya Faces Intense Selling Pressure Amid Significant Price Declines and Losses

Ajanta Soya Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has recorded a staggering decline of 20.36% in just one day, sharply contrasting with the Sensex's modest gain of 0.11%. This marks a continuation of a troubling trend, as Ajanta Soya has experienced consecutive days of losses, with a weekly decline of 17.06% and a monthly drop of 27.22%.
Over the past three months, the stock has plummeted by 40.28%, while the Sensex has remained relatively stable, down only 0.86%. Year-to-date, Ajanta Soya's performance is particularly concerning, with a decline of 45.42% compared to the Sensex's gain of 3.18%. The stock has also hit a new 52-week low of Rs. 26.44 today, reflecting a significant underperformance against its sector by 18.74%.

Several factors may be contributing to this selling pressure, including a recent trend reversal after three days of gains and the stock opening with a substantial loss of 12.65%. Additionally, Ajanta Soya is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend.