India's IPCA Laboratories plummets to near 3-year low

Ipca Laboratories

13/03/2023 07:36

** Shares of IPCA Laboratories Ltd  IPCA.NS  fall as much as
2.34% to 780 rupees, lowest since June 18, 2020
    ** Stock below 50-, 100-, and 200-SMAs since Feb. 17, while
MACD below signal line since Feb. 14, both suggesting bearish
sentiment
    ** RSI sinks below 30, indicating stock is oversold
    ** More than 102,000 shares traded by 12.32 p.m. IST vs
30-day avg of 332,806 shares
    ** Seven of 21 brokerages rate stock "buy" or higher, 10
"hold" and four "sell" or lower; their median PT is 930 rupees -
Refinitiv data
    ** Stock down 5.3% so far this year, extending a 22% loss
from 2022

 (Reporting by Aleef Jahan in Bengaluru)
 ((aleefjahan.cs@thomsonreuters.com))