Kovai Medical Center Faces Significant Stock Decline Amid Broader Market Gains

Mar 10 2025 01:45 PM IST
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Kovai Medical Center & Hospital's shares have declined significantly, underperforming the broader market. The stock has seen a cumulative drop over two days and is trading below key moving averages. Despite a year-to-date decline, it has shown substantial growth over the past five years compared to the Sensex.
Kovai Medical Center & Hospital has experienced a notable decline today, with shares falling by 5.18%. This midcap player in the Hospital & Healthcare Services sector has underperformed compared to the broader market, trailing the Sensex, which is currently up by 0.15%. Over the past two days, Kovai Medical has seen a cumulative drop of 6.55%, indicating a challenging period for the stock.

Intraday trading revealed a high of Rs 5,360, reflecting a modest gain of 2.48%, while the stock hit a low of Rs 4,952, marking a significant decrease of 5.32%. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend.

In terms of performance metrics, Kovai Medical has shown a year-to-date decline of 16.92%, contrasting with the Sensex's drop of 4.74%. However, the stock has demonstrated resilience over longer periods, with a remarkable 535.57% increase over the past five years, significantly outperforming the Sensex's 108.88% gain in the same timeframe.
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