Recent Price Movement and Market Performance
The stock has underperformed both its sector and benchmark indices consistently. Over the last week, Alembic Pharmaceuticals has fallen by 4.64%, significantly lagging behind the Sensex’s 2.55% decline. This underperformance extends to the one-month period, where the stock dropped 9.68% compared to the Sensex’s modest 1.29% fall. Year-to-date, the stock has declined by 5.60%, again underperforming the broader market’s 1.93% decrease. Such persistent weakness is compounded by the fact that the stock has been trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a bearish technical outlook.
Investor participation has increased, with delivery volumes on 08 Jan risi...
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