Neuland Laboratories Faces Continued Stock Decline Amid Sector Underperformance
Neuland Laboratories has encountered significant challenges, with a 5.03% decline on January 13, 2025, continuing a trend of underperformance. The stock has dropped 10.27% over three days and 12.87% in the past month, underperforming compared to broader market indices.
Neuland Laboratories, a midcap player in the pharmaceuticals and drugs sector, has faced notable challenges today, experiencing a decline of 5.03% on January 13, 2025. This downturn continues a trend of underperformance, with the stock lagging behind its sector by 3.42%. Over the last three days, Neuland Laboratories has seen a cumulative decline of 10.27%.The stock opened the day with a gap down, reflecting an initial loss of 2.03%. During intraday trading, it reached a low of Rs 13,401, marking a drop of 4.61%. In terms of moving averages, the stock is currently positioned above its 200-day moving average but remains below the 5-day, 20-day, 50-day, and 100-day moving averages.
In the past month, Neuland Laboratories has recorded a performance decline of 12.87%, which contrasts with a 6.41% drop in the Sensex, highlighting its recent struggles in the market.
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