Recent Price Movement and Market Context
The stock has been on a downward trajectory, falling nearly 4.83% over the past week, significantly underperforming the Sensex, which declined by 1.73% in the same period. Year-to-date, Akums Drugs has lost 6.99%, almost double the Sensex's 3.57% decline. Over the last year, the stock has plummeted by 32.70%, contrasting sharply with the Sensex's 6.63% gain. This sustained underperformance highlights investor concerns about the company’s prospects.
On the day in question, the stock traded close to its 52-week low, just 3.46% above the bottom price of ₹407.4. Intraday, it touched a low of ₹420.05, reflecting persistent selling pressure. The weighted average price indicates that more volume was traded near the lower end of the day...
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