Mumbai, April 23
Suraksha Diagnostic Limited's stock has seen a sharp decline over the past year as it has fallen by Rs 103 or 24.69 per cent in the last 12 months, as per the latest data available on the National Stock Exchange (NSE).
On a year-to-date (YTD) basis, it has dropped by Rs 65.85 or 17.32 per cent on NSE. The stock has also lost the same 24.69 per cent in the last six months alone.
Suraksha Diagnostic’s shares closed almost flat on Wednesday on the NSE, ending at Rs 314.25, up Rs 1.85 or 0.59 per cent.
Multiple reports attributed several factors such as subdued financial performance, negative industry sentiment, macroeconomic pressures, or changes in management for the decline in share price.
“Market volatility and broader economic challenges have also likely affected investor confidence in the company,” reports noted.
Suraksha Diagnostic had hit a 52-week high of Rs 449 on December 6, 2024, and a 52-week low of Rs 231 on March 4.
According to NSE data, the current market capitalisation of the company stands at Rs 1,636.64 crore.
Meanwhile, Suraksha Diagnostic shares had a weak debut on December 6, 2024, despite strong equity market conditions at the time.