Ajanta Pharma Faces Trend Reversal Amid Mixed Short-Term Performance Indicators

Jan 24 2025 02:45 PM IST
share
Share Via
Ajanta Pharma Ltd. saw a decline on January 24, 2025, reversing a brief period of gains. The stock underperformed against its sector and reached an intraday low. While positioned above its 200-day moving average, it remains below several shorter-term averages, indicating mixed performance amid a challenging market.
Ajanta Pharma Ltd., a prominent player in the Pharmaceuticals & Drugs industry, experienced a notable decline of 3.35% on January 24, 2025. This drop comes after a brief period of gains, marking a trend reversal as the stock fell following two consecutive days of positive performance.

On this trading day, Ajanta Pharma underperformed compared to its sector, lagging by 0.96%. The stock reached an intraday low of Rs 2805.4, reflecting a decrease of 2.87% at its lowest point.

In terms of moving averages, Ajanta Pharma's stock is currently positioned higher than its 200-day moving average, yet it remains below the 5-day, 20-day, 50-day, and 100-day moving averages, indicating mixed short-term performance. Over the past month, the stock has shown a slight decline of 0.35%, while the broader Sensex index has decreased by 2.98%. This performance highlights the stock's relative stability in a challenging market environment.
{{stockdata.stock.stock_name.value}} Live

{{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}}%)


Our weekly and monthly stock recommendations are here
Loading...
{{!sm.blur ? sm.comp_name : ''}}
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Entry Price
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