Current Market Performance and Price Movement
On 19 December, Parmax Pharma’s shares experienced a significant intraday decline, touching a low of ₹31.00, down ₹2.63 from the previous close. This drop represents an underperformance of 8.57% against its sector, with the weighted average price indicating that most trading volume occurred near the day’s low. The stock is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling a bearish trend and weak investor sentiment.
Investor participation has also waned, with delivery volumes on 18 December falling by 27.84% compared to the five-day average, suggesting reduced confidence among shareholders. Despite adequate liquidity for trading, the stock’s downward moment...
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