India's Wockhardt falls to 3-year low; stock signals bearish bias

Wockhardt

27/03/2023 08:02

** Shares of Wockhardt  WCKH.NS  fell over 6% to 151.20
rupees, a three-year low
    ** Pharma and biotechnology company's shares have fallen 12%
over last three sessions
    ** On Friday, 466,714 shares change hands in a block at 163
rupees apiece
    ** Relative strength index is 21, suggesting stock is
oversold, according to Refinitiv data
    ** Moving average convergence divergence (MACD) line is
below signal line since March 14, suggesting bearish bias
    ** Trading volume is 2.5 mln shares as of 12:25 p.m. IST,
nearly four times the 30-day avg of 686,985 shares - Refinitiv
data




 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463))