Makers Laboratories Stock Plummets to New 52-Week Low at Rs. 117.95
Makers Laboratories has reached a new 52-week low, reflecting a significant decline in its stock performance. The stock has underperformed its sector and has seen a consecutive drop over three days. It is currently trading below multiple moving averages, indicating a persistent downward trend amid broader market volatility.
Makers Laboratories, a microcap player in the Pharmaceuticals & Biotechnology sector, has reached a new 52-week low of Rs. 117.95 today, marking a significant decline in its stock performance. This drop comes as the stock has underperformed its sector by 1.91% and has experienced a consecutive fall over the past three days, resulting in an overall decline of 8.77% during this period. The stock's intraday low of Rs. 117.95 reflects a decrease of 2.28% from the previous close. Additionally, Makers Laboratories is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent downward trend.
In the broader market context, the Sensex has also faced volatility, reversing sharply after a positive opening and currently trading at 83,177.32, down 0.43%. While the Sensex is close to its 52-week high, Makers Laboratories' performance has been notably below par, with a 1-year return of -27.00%, contrasting sharply with the Sensex's gain of 4.66% during the same timeframe.
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