Olympic Oil Industries Faces Intense Selling Pressure Amid Consecutive Losses

Jun 05 2025 11:35 AM IST
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Olympic Oil Industries Ltd is experiencing notable selling pressure, with the stock declining over the past two days. It has underperformed against the Sensex recently, despite a year-to-date gain. The stock's price fluctuated significantly today, indicating ongoing market volatility and potential influences from broader trends or company-specific issues.
Olympic Oil Industries Ltd is currently facing significant selling pressure, with only sellers active in the market today. The stock has experienced consecutive losses over the past two days, resulting in a decline of 8.24% during this period. Today, the stock fell by 2.44%, underperforming the Sensex, which gained 0.48%.

In terms of weekly performance, Olympic Oil Industries has decreased by 1.19%, while the Sensex has only dipped by 0.31%. Over the past month, the stock has seen a slight decline of 0.95%, contrasting with the Sensex's positive performance of 0.73%. Year-to-date, Olympic Oil Industries has shown a gain of 20.94%, significantly outperforming the Sensex's 4.15% increase.

The stock's price summary indicates a day's high of Rs 45.09, reflecting a 2.95% increase, while it reached a low of Rs 41.56, marking a 5.11% decrease. Despite being above the 50-day, 100-day, and 200-day moving averages, it remains below the 5-day and 20-day moving averages. The current selling pressure may be attributed to broader market trends or specific company-related factors, warranting further observation.
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