Glenmark Pharmaceuticals Faces Sustained Stock Weakness Amid Broader Market Trends in February 2025

Feb 12 2025 02:20 PM IST
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Glenmark Pharmaceuticals' stock has declined for three consecutive days, resulting in a total drop of 9.41%. The stock is underperforming its sector and is trading below multiple moving averages, reflecting ongoing challenges in the market. Over the past month, it has decreased by 9.37%.
Glenmark Pharmaceuticals has experienced a notable decline in its stock performance today, with a decrease of 3.92% as of February 12, 2025. This drop marks a continuation of a downward trend, as the stock has now fallen for three consecutive days, resulting in a total decline of 9.41% over this period.

In comparison to the broader market, Glenmark's performance has underperformed its sector by 3.14%. The stock reached an intraday low of Rs 1398.1, reflecting a decrease of 3.59% during the trading session. Additionally, Glenmark Pharmaceuticals is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a sustained period of weakness.

Over the past month, the stock has declined by 9.37%, while the Sensex has only seen a modest decrease of 1.73%. These performance indicators highlight the challenges faced by Glenmark Pharmaceuticals in the current market environment.
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