Kovai Medical Center Faces Continued Stock Volatility Amid Sector Decline

Kovai Medical Center & Hospital, a midcap player in the Hospital & Healthcare Services sector, has experienced significant volatility today, with its stock price declining by 8.3% as of February 28, 2025. This decline marks a continued trend, as the stock has now fallen for three consecutive days, resulting in a total drop of 11.62% over this period.
In today’s trading, Kovai Medical Center & Hospital underperformed the sector, which itself has seen a decrease of 2.13%. The stock reached an intraday low of Rs 5,413.4, reflecting a drop of 7.46% at its lowest point. Notably, while the stock remains above its 200-day moving average, it is currently below its 5-day, 20-day, 50-day, and 100-day moving averages, indicating a shift in short-term performance.

Over the past month, Kovai Medical Center & Hospital has shown a modest gain of 1.31%, contrasting with the broader Sensex, which has declined by 3.50%. Today's performance, however, stands in stark contrast to the Sensex's decrease of only 1.83%.