Recent Price Movement and Market Performance
The stock closed at ₹5,148.40, down by ₹169.90 or 3.19% on 27 January, marking a continuation of a downward trend over the past two days with a cumulative decline of approximately 4.7%. This recent weakness is more pronounced when compared to the benchmark Sensex, which has declined by only 0.39% over the past week and 3.74% over the last month. Kovai Medical’s one-month return of -11.44% significantly underperforms the Sensex’s -3.74%, signalling a sharper correction in the stock.
Intraday trading data reveals that the stock touched a low of ₹5,130.20, a 3.54% drop from previous levels, with a weighted average price indicating that a larger volume of shares exchanged hands closer to this lower price point. This suggests sel...
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