Remedium Lifecare Faces Intense Selling Pressure Amid Consecutive Losses and Record Low Prices
Remedium Lifecare Ltd is experiencing intense selling pressure, with the stock declining significantly over recent days and hitting a new all-time low. The company has faced substantial losses both weekly and monthly, contrasting sharply with the performance of the Sensex, indicating a challenging market position.
Remedium Lifecare Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced consecutive losses over the past three days, with a total decline of 13.04%. Today, the stock fell by 4.76%, significantly underperforming the Sensex, which gained 0.61%. In the past week, Remedium Lifecare has seen a steep decline of 15.79%, while the Sensex rose by 1.37%. Over the past month, the stock has plummeted by 52.66%, contrasting sharply with the Sensex's modest gain of 1.02%. Year-to-date, Remedium Lifecare has lost 77.62%, compared to the Sensex's increase of 5.66%.
The stock has hit a new 52-week and all-time low of Rs. 0.8 today, indicating a challenging market position. It is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, further highlighting its downward trend. The combination of these factors suggests a significant shift in market sentiment towards Remedium Lifecare, contributing to the ongoing selling pressure.
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