Panacea Biotec Experiences Surge in Trading Activity Amid Positive Market Sentiment

Apr 02 2025 10:00 AM IST
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Panacea Biotec Ltd experienced notable trading activity today, reaching its upper circuit limit with a high of Rs 463.3. The stock saw a significant increase in trading volume, with 3.19 lakh shares exchanged. It is currently trading above multiple moving averages, indicating a positive trend in performance.
Panacea Biotec Ltd, a small-cap player in the Pharmaceuticals & Drugs sector, has shown significant activity today as it hit its upper circuit limit. The stock reached a high price of Rs 463.3, reflecting a change of Rs 8.55 or 1.94% from its previous close. The last traded price stood at Rs 449.8, with the stock experiencing an intraday low of Rs 436.55.

Today's trading volume was notable, with a total of 3.19 lakh shares exchanged, resulting in a turnover of approximately Rs 14.55 crore. Despite underperforming its sector by 1.4%, Panacea Biotec is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in its recent performance.

Investor participation has also increased, with delivery volume rising by 92.09% compared to the 5-day average. The stock's liquidity remains robust, supporting trade sizes of Rs 0.17 crore based on 2% of the 5-day average traded value. Overall, Panacea Biotec's performance today highlights its resilience in the market, marked by significant trading activity and a strong price movement.
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