Poly Medicure Faces Sustained Stock Decline Amid Broader Sector Challenges

Poly Medicure, a prominent player in the Medical Equipment/Supplies/Accessories industry, has experienced a notable decline in its stock performance today, with a loss of 3.09% as of February 17, 2025. This downturn is part of a broader trend, as the stock has underperformed its sector by 1.5% and has seen consecutive losses over the past two days, totaling a decline of 7.96%.
The stock reached an intraday low of Rs 2017.95, reflecting a decrease of 4.98% at its lowest point. Additionally, Poly Medicure is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a sustained downward trend in its price performance.

In the context of the overall market, the Medical Equipment/Supplies/Accessories sector has also faced challenges, with a decline of 2.4%. Over the past month, Poly Medicure's performance has been particularly weak, showing a decrease of 17.95%, compared to a modest decline of 1.46% in the Sensex. These metrics highlight the current challenges faced by Poly Medicure in a competitive market landscape.