Vivo Bio Tech Ltd. Stock Sees Decline of -3.02% Today, Still Trading Above Moving Averages

Jan 08 2024 10:31 AM IST
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Vivo Bio Tech Ltd., a microcap pharmaceutical company, experienced a -3.02% decline in its stock price today, continuing a downward trend for the past three days with a total loss of -15.51%. Despite this, the stock is still trading above its moving averages. According to MarketsMojo, the current stock call for Vivo Bio Tech is 'Hold'.

Vivo Bio Tech Ltd., a microcap pharmaceutical company, saw a decline in its stock price today, opening with a loss of -3.02%. The stock has been on a downward trend for the past three days, with a total loss of -15.51% during this period. This underperformance is reflected in today's performance, where the stock fell -2.57% below the sector average.

At its lowest point today, the stock touched an intraday low of Rs 40.1, representing a -6.07% decrease from its opening price. However, despite this recent decline, Vivo Bio Tech is still trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

According to MarketsMOJO, a leading stock analysis platform, the current stock call for Vivo Bio Tech is 'Hold'. This is based on the stock's 1-day performance of -3.49% compared to the Sensex's 0.01% performance, and its 1-month performance of 21.25% compared to the Sensex's 3.16% performance.

It is important to note that this article is based on factual information and does not include any external data or sources. As a microcap company in the pharmaceutical industry, Vivo Bio Tech's stock performance may be subject to volatility and investors are advised to do their own research before making any investment decisions.
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