News and Views
Recent Price Movement and Market Performance
The stock has underperformed significantly over the past week, registering a decline of 9.46%, compared to the Sensex’s modest fall of 0.75% during the same period. Today’s trading session opened with a gap down of 2.43%, signalling immediate bearish sentiment among investors. The share price touched an intraday low of ₹311.85, marking a 6.38% drop from the previous close. Notably, the weighted average price indicates that a larger volume of shares traded closer to the day’s low, suggesting stronger selling interest at lower price levels.
Despite this recent weakness, SMS Pharmaceuticals continues to maintain its position above its 50-day, 100-day, and 200-day moving averages, although it remains below the shorter-term 5-day...
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