Shriram Asset Management Faces Intense Selling Pressure Amid Consecutive Losses

Shriram Asset Management Co Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The stock has experienced consecutive losses over the past eight days, resulting in a total decline of 15.51%. In today's trading, Shriram Asset Management Co Ltd fell by 1.99%, underperforming the Sensex, which gained 1.07%.
Over the past week, the stock has dropped 9.57%, while the Sensex has risen by 1.46%. Despite a strong performance in the longer term, with a 40.06% increase over the last three months and a remarkable 267.05% rise over the past three years, the recent trend indicates a shift in market sentiment. Year-to-date, the stock is down 1.28%, contrasting sharply with the Sensex's 5.93% gain.

The stock opened at 567.65 and has remained at this price level throughout the trading session. While it is currently above its 50-day, 100-day, and 200-day moving averages, it is trading below its 5-day and 20-day moving averages, suggesting a potential shift in momentum. The combination of these factors may be contributing to the heightened selling activity observed in Shriram Asset Management Co Ltd.