Abbott India's Stock Declines by -3.09% Amidst Bearish Market Sentiment

Abbott India ., a leading pharmaceutical and healthcare company in India, has seen a decline in its stock price by -3.09% on October 29, 2024. This underperformance is reflected in the stock's current call of 'Hold' by MarketsMOJO. Despite the overall negative trend in the market, Abbott India's stock has been consistently losing for the past three days, with a total fall of -3.97% during this period. The stock also touched an intraday low of Rs 27536, further adding to its downward movement. In terms of moving averages, Abbott India is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a bearish sentiment in the market towards the company's stock. Comparing Abbott India's performance with the overall market, the stock has underperformed the Sensex by -1.64% on the day of October 29, 2024. In the past month, the stock has also seen a decline of -5.50%, while the Sensex has fallen by -6.94%. Despite these recent setbacks, Abbott India remains a largecap company in the pharmaceutical and drugs industry. As a responsible and neutral news source, we present these facts without any speculation or recommendation. Stay informed and make your own investment decisions.