Recent Price Movement and Market Context
Marksans Pharma’s stock has been on a downward trajectory for the past four consecutive days, accumulating a loss of 5.85% during this period. The intraday low of ₹182.65 on 05-Dec further emphasises the selling pressure. Compared to its sector, the stock underperformed by 2.13% on the day, signalling weaker investor sentiment relative to peers. The weighted average price indicates that a larger volume of shares traded closer to the day’s low, suggesting that sellers dominated the session.
From a technical standpoint, the stock price remains above its 50-day moving average but is trading below its 5-day, 20-day, 100-day, and 200-day moving averages. This mixed technical picture points to short-term weakness despite some medium-t...
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