Syngene International Faces Challenges Amid Broader Market Declines and Bearish Trends

Jan 24 2025 09:45 AM IST
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Syngene International, a key player in the Pharmaceuticals & Drugs sector, saw a decline on January 24, 2025, underperforming its sector. The stock opened positively but fell significantly during the session. It is currently trading below all major moving averages, reflecting a bearish trend and challenges in the market.
Syngene International, a prominent player in the Pharmaceuticals & Drugs sector, has experienced a notable decline of 3.59% on January 24, 2025. This performance marks an underperformance compared to its sector, lagging by 1.75%. The stock opened the day with a gain of 2.41%, reaching an intraday high of Rs 847.25, but subsequently fell to a low of Rs 799, reflecting a decrease of 3.42% during the trading session.

In terms of moving averages, Syngene International is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend in the short to medium term. Over the past month, the stock has declined by 4.95%, while the broader Sensex index has seen a decrease of 2.40%. This performance highlights the challenges faced by Syngene International in the current market environment, as it navigates through fluctuations in stock performance and broader market trends.
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