Glenmark Pharmaceuticals Experiences Significant Underperformance Amid Mixed Moving Averages

Jan 15 2025 10:05 AM IST
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Glenmark Pharmaceuticals Ltd. experienced a decline on January 15, 2025, underperforming its sector. The stock reached an intraday low and showed mixed performance relative to various moving averages. Over the past month, it recorded a decrease, contrasting with the broader market's trends.
Glenmark Pharmaceuticals Ltd. has shown notable activity today, experiencing a decline of 3.4% on January 15, 2025, which is a significant underperformance compared to its sector, lagging by 2.04%. The stock reached an intraday low of Rs 1463.75, marking a decrease of 3.21% during the trading session.

In terms of moving averages, Glenmark's stock is currently positioned above the 200-day moving average, while it falls below the 5-day, 20-day, 50-day, and 100-day moving averages, indicating a mixed performance across various time frames.

Over the past month, Glenmark Pharmaceuticals has recorded a decrease of 3.92%, contrasting with the Sensex's decline of 6.63%. On the same day, while the Sensex showed a slight recovery of 0.24%, Glenmark's performance of -3.75% underscores a notable divergence from broader market trends.
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