Poly Medicure Faces Continued Decline Amid Broader Sector Challenges and Market Trends

Poly Medicure, a large-cap player in the healthcare services sector, has experienced a notable decline today, with shares down by 3.02% as of May 29, 2025. This performance marks a continuation of a downward trend, as the stock has now fallen for three consecutive days, accumulating a total decline of 6.35% during this period.
In terms of intraday trading, Poly Medicure reached a low of Rs 2274.85, reflecting a drop of 3.48%. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend in the short to medium term.

The broader market context shows that the medical equipment and supplies sector has also faced challenges, with a decline of 2.59%. Meanwhile, the Sensex, after a positive opening, has turned negative, currently trading at 81,214.45, down 0.12%.

Over the past month, Poly Medicure has underperformed significantly, with a decline of 11.77%, contrasting with the Sensex's modest gain of 1.16%. Despite the recent downturn, the stock has shown strong performance over longer periods, with a remarkable 681.70% increase over the past five years.