Shriram Asset Management Faces Intense Selling Pressure Amid Consecutive Losses

Jun 19 2025 01:40 PM IST
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Shriram Asset Management Co Ltd is experiencing notable selling pressure, with the stock declining over the past five days. Despite a strong long-term performance, recent trends suggest a shift in market sentiment, influenced by factors such as profit-taking and potential market corrections. The stock remains above key moving averages but is below its 5-day average.
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 five days, resulting in a decline of 10.26%. In today's trading session, Shriram Asset Management Co Ltd fell by 2.00%, underperforming the Sensex, which only dipped by 0.06%.

Despite a strong performance over the longer term, with a remarkable 110.77% increase over the past year, the recent trend indicates a shift in market sentiment. The stock's performance relative to the Sensex has been notable, with substantial gains over three years (312.80%) and five years (810.04%). However, the current selling pressure may be attributed to various factors, including profit-taking after a strong rally and potential market corrections.

The stock touched an intraday low of Rs 602.9 today, and while it remains above its 20-day, 50-day, 100-day, and 200-day moving averages, it is currently below its 5-day moving average. This trend highlights the ongoing challenges faced by Shriram Asset Management Co Ltd in the current market environment.
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