Medi Assist Healthcare Faces Sustained Decline Amid Broader Market Volatility
Medi Assist Healthcare Services has faced notable volatility, opening with a significant loss and underperforming its sector. The stock has declined consecutively over three days, trading below key moving averages. Its performance has been more volatile than the broader market, reflecting a bearish trend in recent weeks.
Medi Assist Healthcare Services has experienced significant volatility today, opening with a notable loss of 14.06%. The stock's performance has been underwhelming, underperforming its sector by 0.41%. Over the past three days, Medi Assist has seen a consecutive decline, accumulating a total drop of 8.09%. Today, the stock reached an intraday low of Rs 405, reflecting the ongoing bearish trend. In terms of moving averages, Medi Assist is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a sustained downward trajectory.
In comparison to the broader market, Medi Assist's one-day performance shows a decline of 5.54%, while the Sensex fell by 3.46%. Over the past month, the stock has decreased by 3.51%, compared to a 2.12% drop in the Sensex.
With a beta of 1.35, Medi Assist is classified as a high beta stock, suggesting that it tends to exhibit greater volatility than the overall market. This characteristic may contribute to its pronounced price movements in response to market conditions.
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