Stocks

Divi’s Laboratories resumes downtrend

| Updated on January 16, 2018 Published on December 29, 2016

On Thursday, the stock of Divi’s Laboratories tumbled 4 per cent accompanied by huge volumes — of over 2.7 times normal number. It fell below the key support level of ₹800. Last week, the stock has nose-dived almost 25 per cent with extraordinary volume, conclusively breaching key long-term supports at ₹1,050 and ₹950. With Thursday’s fall, the stock has extended this week’s decline so far to 8.8 per cent. Over the last five trading sessions, there has been an increase in trading volumes.

Published on December 29, 2016
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