Savani Financials Faces Intense Selling Pressure Amid Significant Price Declines

Savani Financials Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced a notable decline, with a one-day performance of -9.94%, starkly contrasting with the Sensex's decline of -3.60%. This marks a continuation of a troubling trend, as Savani Financials has recorded consecutive days of losses, including a one-week performance of -1.98% compared to the Sensex's -6.15%.
Over the past month, the stock has dropped by 15.38%, while the Sensex has only decreased by 2.26%. The three-month and one-year performances further highlight the stock's struggles, with declines of 30.04% and 33.59%, respectively, against the Sensex's -7.09% and -2.15%. Year-to-date, Savani Financials has plummeted by 37.00%, significantly underperforming the Sensex's -7.02%.

Today's trading saw the stock open at Rs 13.86, reaching an intraday low of Rs 13.86, and it remains close to its 52-week low, just 3.03% away. The stock is currently trading below all key moving averages, indicating a persistent downward trend. The broader Finance/NBFC sector has also faced challenges, declining by 4.29%, contributing to the overall selling pressure on Savani Financials.