Suven Pharmaceuticals Continues Downward Trend Amid Broader Market Gains

Jan 22 2025 02:35 PM IST
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Suven Pharmaceuticals experienced a decline on January 22, 2025, continuing a downward trend with a notable drop over the past two days. The stock's performance has lagged behind the broader market, with significant declines observed over the past month compared to the Sensex.
Suven Pharmaceuticals, a prominent player in the pharmaceuticals and drugs sector, faced a decline of 3.5% on January 22, 2025, underperforming its sector by 2.6%. This marks a continuation of a downward trend, with a total decline of 4.78% over the past two days.

During intraday trading, the stock hit a low of Rs 1023, reflecting a decrease of 3.07%. An examination of moving averages reveals that Suven Pharmaceuticals is currently positioned above its 200-day moving average but falls short of its 5-day, 20-day, 50-day, and 100-day moving averages.

In the context of broader market dynamics, Suven Pharmaceuticals recorded a 1-day performance of -3.59%, contrasting with the Sensex's gain of 0.52%. Over the past month, the stock has seen a significant decline of 13.84%, while the Sensex experienced a smaller drop of 2.32%.
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