India's Piramal Pharma slides 13% in seven days to record low

Piramal Pharma (Mumbai)

27/02/2023 08:56

** Shares of Piramal Pharma  PIRM.NS  fall as much as 4.07%
to a record low of 79.00 rupees on Monday
    ** About 1.37 mln shares of the pharmaceuticals firm change
hands in a block, at 79.35 rupees apiece - Refinitiv data
    ** Stock is on course to extend losses for the seventh
session in a row, losing more than 13% over the period
    ** Relative strength index on PIRM is at 21, suggesting the
stock is oversold
    ** Stock has fallen in each of the seven sessions since Feb.
16, when Reuters reported that the U.S. drug regulator issued an
establishment inspection report after closing a probe on a plant
    ** About 3.10 mln shares change hands as of 2:08 p.m. IST,
near its 30-day avg of 3.24 mln shares - Refinitiv data


 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; Mobile:
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