Fredun Pharmaceuticals Hits 52-Week Low Amid Ongoing Sector Underperformance
Fredun Pharmaceuticals has hit a new 52-week low, with its stock price declining significantly during the trading day. The company has consistently traded below its moving averages, reflecting a persistent downward trend. Over the past year, its stock has decreased notably, contrasting with broader market gains.
Fredun Pharmaceuticals has recently reached a new 52-week low, with its stock price falling to Rs 642.05, a decline of 4.41% during the trading day. This performance has underperformed the pharmaceuticals sector by 3.7%. The stock has consistently traded below its moving averages across various time frames, indicating a persistent downward trend. Over the past year, Fredun Pharmaceuticals has seen a decline of 22.03%, contrasting with the Sensex's gain of 5.28%. As the company faces these challenges, its stock performance remains a focal point within the pharmaceuticals industry.
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