Medico Remedies' Stock Hits 52-Week Low, Underperforms Sector Amidst Downward Trend

May 27 2024 03:35 PM IST
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Medico Remedies, a microcap pharmaceutical company, has experienced a decline in its stock price, reaching a 52-week low on May 27, 2024. According to MarketsMojo, the stock has been given a Sell call and is currently trading at Rs 36.45, underperforming the sector by -2.67%. Despite this, the company remains a significant player in the pharmaceutical industry.

Medico Remedies, a microcap pharmaceutical company, has recently seen a dip in its stock price, touching a 52-week low on May 27, 2024. According to MarketsMOJO, the stock has been given a "Sell" call.

The stock is currently trading at Rs 36.45, which is only 0.14% away from its 52-week low. It has also underperformed the sector by -2.67% today. In the last two days, the stock has been on a downward trend, with a fall of -4.53% in returns.

During intraday trading, the stock reached a low of Rs 36.5, which is a decrease of -2.8%. Medico Remedies is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

In the past year, Medico Remedies has shown a negative performance of -60.18%, while the Sensex has seen a positive performance of 20.62%. This indicates a significant difference in the performance of the company compared to the overall market.

Despite the recent dip in stock price, Medico Remedies remains a key player in the pharmaceutical industry. Investors should keep an eye on the company's performance and future developments.
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