Why is Poly Medicure falling/rising?
As of 10-Nov, Poly Medicure Ltd's stock price is Rs 1,862.10, down 1.65% and trading below all key moving averages, indicating bearish sentiment. The stock has declined significantly year-to-date by 28.38%, contrasting sharply with the Sensex's gain of 6.91%.
As of 10-Nov, Poly Medicure Ltd's stock price is currently at Rs 1,862.10, reflecting a decrease of Rs 31.2 or 1.65%. The stock has been experiencing a downward trend, having lost value for the last three days, resulting in a total decline of 4.65% during this period. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish sentiment. Additionally, the stock is close to its 52-week low, just 2.12% away from Rs 1,822.65. The delivery volume has also decreased significantly, falling by 26.68% compared to the 5-day average, suggesting a decline in investor participation.In the broader market context, Poly Medicure's recent performance has been underwhelming compared to the benchmark Sensex, which has shown a slight decline of only 0.53% over the past week while the stock itself has dropped by 2.77%. Over the past month, the stock has decreased by 1.77%, contrasting with the Sensex's increase of 1.25%. Year-to-date, Poly Medicure has seen a substantial decline of 28.38%, while the Sensex has gained 6.91%. This stark difference in performance highlights the challenges faced by Poly Medicure in the current market environment.
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