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Poly Medicure slipped 2.47% to Rs 860 as the counter witnessed some bit of profit taking after a recent steep surge.
The stock had gained 23.68% in the past five sessions to end at Rs 881.75 yesterday (15 March 2021), from its recent closing low of Rs 712.95 recorded on 2 March 2021.
On a year-to-date (YTD) basis, the stock has zoomed 69.85% while the benchmark Sensex has added 6.04% during the same period.
On the technical front, the stock s RSI (relative strength index) stood at 83.01. The RSI oscillates between zero and 100. Traditionally, the RSI is considered overbought when above 70 and oversold when below 30.
The stock was trading above its 50-day, 100-day and 200-day daily simple moving average (SMA) placed at 609.15, 553.82 and 476.58, respectively.