Sanjivani Paranteral Hits 52-Week Low at Rs. 170 Amid Market Gains

Sanjivani Paranteral, a microcap player in the Pharmaceuticals & Biotechnology sector, has reached a new 52-week low of Rs. 170 today, marking a significant downturn for the stock. This decline comes as the company has underperformed its sector by 8.63% and has seen a consecutive drop over the last two days, with a total decline of 8.91% during this period. The stock opened with a loss of 2.81% and hit an intraday low of Rs. 170, reflecting a steep drop of 15.53%. Notably, Sanjivani Paranteral is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent downward trend. In contrast, the broader market is experiencing positive momentum, with the Sensex trading higher and nearing its 52-week high. However, Sanjivani Paranteral's performance over the past year has been starkly negative, with a return of -39.04%, significantly lagging behind the Sensex's 9.19% gain. Despite some positive indicators, such as rising promoter confidence and healthy long-term growth in net sales and operating profit, the stock's current trajectory raises concerns among market observers.