Soni Medicare Faces Intense Selling Pressure Amid Consecutive Losses and Price Declines

Soni Medicare Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced consecutive losses over the past three days, resulting in a cumulative decline of 13.2%. Today, the stock fell by 4.95%, underperforming the Sensex, which gained 0.82%.
In the past week, Soni Medicare has seen a notable drop of 16.46%, while the Sensex rose by 1.21%. Over the past month, the stock has plummeted by 30.20%, contrasting sharply with the Sensex's modest increase of 1.04%. Despite a strong performance over the past year, where Soni Medicare gained 75.76% compared to the Sensex's 6.76%, the recent trend indicates a troubling shift.

The stock's price summary reveals that it touched an intraday low of Rs 46.05 today. Additionally, while it remains above its 200-day moving average, it is currently below its 5-day, 20-day, 50-day, and 100-day moving averages. This divergence may indicate underlying challenges contributing to the ongoing selling pressure.