Salem Erode Investments Faces Intense Selling Pressure Amid Consecutive Losses

Aug 18 2025 03:10 PM IST
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Salem Erode Investments Ltd is experiencing notable selling pressure, with the stock declining significantly over various time frames. It has underperformed compared to the Sensex, which has shown gains. The stock is trading below multiple moving averages, indicating a bearish trend amid broader sector gains.
Salem Erode Investments Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced consecutive losses, falling 5.00% in just one day, and has seen a total decline of 5.88% over the last two days. This performance starkly contrasts with the Sensex, which has gained 0.86% today.

Over the past week, Salem Erode Investments has declined by 2.68%, while the Sensex has risen by 0.85%. The stock's performance over the past month is particularly concerning, with a drop of 29.39%, compared to a slight decrease of 0.57% in the Sensex. Year-to-date, the stock has underperformed significantly, down 24.69%, while the Sensex has increased by 4.03%.

The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, the finance/NBFC sector has gained 2.44%, further highlighting the underperformance of Salem Erode Investments. The stock reached an intraday low of Rs 40, reflecting the ongoing selling pressure in the market.
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