Shanti Overseas Faces Intense Selling Pressure Amid Sustained Price Declines

Shanti Overseas (India) Ltd is currently facing significant selling pressure, with today's trading session showing only sellers in the market. The stock has recorded a decline of 2.78% today, markedly underperforming the Sensex, which is down by only 0.81%. This trend of losses is not isolated; Shanti Overseas has experienced consecutive days of declines, with a weekly performance of -7.84% compared to the Sensex's -1.01%.
Over the past month, the stock has dropped by 10.15%, while the Sensex has gained 7.91%. The longer-term outlook is similarly bleak, with a one-year performance of -22.11% against the Sensex's positive return of 10.06%. Year-to-date, Shanti Overseas has seen a decline of 17.21%, while the Sensex has risen by 1.98%. Over three and five years, the stock has significantly lagged, with losses of 37.94% and 38.23%, respectively, compared to the Sensex's impressive gains of 46.29% and 151.83%.

The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent downward trend. This sustained selling pressure may be attributed to various factors, including market sentiment and sector performance, particularly within the solvent extraction industry.