Shanti Overseas Faces Intense Selling Pressure Amid Significant 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 notable decline of 5.03% today, underperforming the Sensex, which has gained 0.32%. This marks a continuation of a troubling trend, as Shanti Overseas has experienced consecutive days of losses, with a weekly decline of 12.95% and a staggering 32.64% drop over the past month.
In the broader context, Shanti Overseas has underperformed the Sensex across various time frames. Over the past year, the stock has plummeted by 66.17%, while the Sensex has risen by 4.82%. Year-to-date, the stock is down 31.67%, compared to a modest decline of 2.47% for the Sensex. The three-year performance shows a decline of 45.34%, contrasting sharply with the Sensex's growth of 31.78%.

Today, Shanti Overseas hit a new 52-week and all-time low of Rs. 10.96, reflecting a significant downturn. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent bearish trend. The company’s performance has also underperformed its sector by 7.08%, highlighting the challenges it faces in the solvent extraction industry.