Gujarat Themis Biosyn Stock Drops -9.8% Despite Being Above Moving Averages

Gujarat Themis Biosyn, a smallcap pharmaceutical company, has seen a decline of -9.8% in its stock price on November 7th, 2024. This drop in stock price has been reflected in the 'Hold' rating given by MarketsMOJO.

The stock has underperformed the sector by -8.21% and has shown a trend reversal after two consecutive days of gains. It reached an intraday low of Rs 275.1, marking a decrease of -17.2%. The stock has also been highly volatile today, with an intraday volatility of 9.67%.

Despite the recent decline, Gujarat Themis Biosyn's stock is still higher than its 5-day and 200-day moving averages. However, it is lower than its 20-day, 50-day, and 100-day moving averages.

In comparison to the overall market performance, Gujarat Themis Biosyn's stock has shown a -8.62% decline in the past day, while the Sensex has only declined by -0.90%. In the past month, the stock has also underperformed the Sensex by -7.72%.

Overall, Gujarat Themis Biosyn's stock has shown a decline in its performance, but it is still higher than its moving averages. Investors should keep an eye on the company's future developments to make informed decisions about their investments.