Recent Price Movements and Volatility
The stock has been under pressure for the past two days, losing 7.37% in that period. Despite touching an intraday high of ₹46.99, the shares ultimately fell to their intraday low of ₹42.13, which is just 0.31% above the 52-week low. The wide trading range of ₹4.86 and an intraday volatility of 5.45% indicate heightened uncertainty among investors. Notably, the weighted average price suggests that more volume was traded near the lower end of the price range, signalling selling pressure.
Pharmaids Pharmaceuticals is currently trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This technical weakness often discourages short-term and medium-term investors, contributing to further...
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