Panacea Biotec Achieves 52-Week High Amid Broader Market Downturn
Panacea Biotec has reached a new 52-week high of Rs. 580, reflecting a significant performance increase. The stock has gained 17.03% over the past four days and has outperformed its sector. Over the past year, it has delivered a remarkable return of 321.63%, contrasting with the broader market's downturn.
Panacea Biotec, a small-cap player in the Pharmaceuticals & Drugs industry, has made headlines today by reaching a new 52-week high of Rs. 580. This milestone was achieved on May 15, 2025, marking a significant performance uptick for the company. Over the past four days, Panacea Biotec has shown a remarkable gain of 17.03%, outperforming its sector by 2.34% today.The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend in its price performance. In contrast, the broader market is experiencing a downturn, with the Sensex declining by 269.71 points to 81,084.72, despite opening flat. However, small-cap stocks are leading the market, with the BSE Small Cap index gaining 0.56%.
Over the past year, Panacea Biotec has delivered an impressive return of 321.63%, significantly outpacing the Sensex's performance of 11.09%. The stock's previous 52-week low was recorded at Rs. 112.7, highlighting its substantial growth trajectory.
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