Poly Medicure Faces Sustained Stock Decline Amid Broader Market Trends

Feb 11 2025 09:35 AM IST
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Poly Medicure has faced a significant decline in stock performance, marking four consecutive days of losses and a total drop over this period. The stock has underperformed compared to its sector and broader market, trading below multiple moving averages, indicating a sustained downward trend.
Poly Medicure, a prominent player in the Medical Equipment/Supplies/Accessories industry, has experienced a notable decline in its stock performance today, with a drop of 3.82%. This downturn marks the fourth consecutive day of losses for the company, accumulating a total decline of 8.68% over this period.

The stock reached an intraday low of Rs 2256.85, reflecting a decrease of 3.68% at its lowest point. In comparison to the broader market, Poly Medicure underperformed, lagging behind its sector, which fell by 2.85%. Over the past month, the stock has seen a significant decline of 16.05%, while the Sensex has only dipped by 0.38%.

Additionally, Poly Medicure is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a sustained downward trend. As the company navigates these challenges, its performance metrics suggest a need for close monitoring within the context of the larger market dynamics.
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