Recent Price Movement and Market Performance
Panacea Biotec’s shares have been under pressure in recent sessions, falling for three consecutive days and losing 4.75% over this period. The stock underperformed its sector by 1.1% on the day, touching an intraday low of ₹351.25, down 3.2%. Notably, the share price is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling a bearish technical outlook. Investor participation has also waned, with delivery volumes on 01 Dec dropping sharply by 79.01% compared to the five-day average, indicating reduced buying interest from market participants.
Long-Term Returns and Relative Underperformance
Over the past year, Panacea Biotec’s stock has deli...
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