Persistent Downward Momentum and Market Underperformance
Coral Laboratories has been on a steady decline, with the stock losing 10.47% over the last six consecutive trading days. This sustained fall has culminated in the stock hitting a new 52-week low of ₹431.10 on the same day. Despite opening the day with a positive gap of 5.58%, reaching an intraday high of ₹474, the stock ultimately succumbed to selling pressure, closing near its intraday low. This pattern suggests that while initial investor enthusiasm was present, it was not sustained throughout the trading session.
The stock's performance starkly contrasts with the broader market, as the Sensex has posted gains of 0.55% over the past week and 1.74% over the last month. Year-to-date, Coral Laboratories has decli...
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