How can Aurobindo Pharma's price fall

#1
Hello Sirs,

I am new to trading. I have one question with regard to current price trend of Aurobindo Pharma.

On 9th November sometime around 9 PM, Aurobindo Pharma released its financials. They were pretty good and they beat all market expectations.

However, on 10th November, Aurobindo Pharma's prices tanked as of 2PM. Among Nifty 50 stocks, it is the biggest loser of the day. Why did this happen?

What I know:

1. The market sentiment is weak.
2. The Pharma industry is not doing well, especially after USFDA's observations to Lupin.

Thank You.
 
#8
This is why news-trading can be dangerous in the short-term because in the short-term, there could be all sorts of things that could lead to erratic movements, which is why technicals are better to trade short-term while fundamentals might be more useful while trading long-term.
 

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