Shriram Asset Management Faces Intense Selling Pressure Amid Significant Price Declines
Shriram Asset Management Co Ltd is experiencing notable selling pressure, with the stock declining significantly over recent days. It has underperformed its sector and is currently below its short-term moving averages, indicating a potential shift in market sentiment despite strong long-term performance.
Shriram Asset Management Co Ltd is currently facing significant selling pressure, with today's trading session showing only sellers in the market. The stock has experienced consecutive losses, declining by 2.00% today alone, marking a total drop of 3.42% over the last two days. This performance starkly contrasts with the Sensex, which has only decreased by 0.28% today.Over the past week, Shriram Asset Management has seen a decline of 5.32%, while the Sensex fell by 1.40%. The one-month performance reveals a more pronounced downturn for the stock, with a drop of 15.49%, compared to a modest gain of 1.42% for the Sensex. Despite a strong performance over the longer term, including a 287.81% increase over three years, the recent trends indicate a shift in market sentiment.
The stock's price summary indicates it has underperformed its sector by 1.57% today. While it remains above its 50-day, 100-day, and 200-day moving averages, it is currently 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.
{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)
{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)
Related Stock Links
- {{stockdata.stock.stock_name.value}} Analysis
- {{stockdata.stock.stock_name.value}} Technicals
- {{stockdata.stock.stock_name.value}} Quality
- {{stockdata.stock.stock_name.value}} Valuation
- {{stockdata.stock.stock_name.value}} Financial Trend
- {{stockdata.stock.stock_name.value}} Return Analysis
- {{stockdata.stock.stock_name.value}} Price Analysis
- {{stockdata.stock.stock_name.value}} Quarterly Result Analysis
- {{stockdata.stock.stock_name.value}} Half-Yearly Result Analysis
- {{stockdata.stock.stock_name.value}} Nine Monthly Result Analysis
- {{stockdata.stock.stock_name.value}} Annual Results
- {{stockdata.stock.stock_name.value}} Balance Sheet
- {{stockdata.stock.stock_name.value}} Profit & Loss
- {{stockdata.stock.stock_name.value}} Cash Flow
- {{stockdata.stock.stock_name.value}} News
- {{stockdata.stock.stock_name.value}} Announcements
- {{stockdata.stock.stock_name.value}} Share Holding
- {{stockdata.stock.stock_name.value}} Peer Comparison
Our weekly and monthly stock recommendations are here
Loading...
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Target Price
{{sm.target_price }}
({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
₹{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News
Most Read
