Stock of this medical equipment company has tanked 74% so far in 2022

Shares of Nureca hit a 20-month low of Rs 562.50,down 3%, trading close to its record low of Rs 559.25 touched on March 19, 2021

Shares of Nureca, a digital healthcare and wellness solutions provider, continued to reel under pressure and hit a 20-month low of Rs 562.50, down 3.5 per cent on the BSE in Friday’s intra-day trade. The stock is trading close to its all-time low level of Rs 559.25, touched on March 19, 2021.

Thus far in the calendar year 2022 (CY22), the market price of Nureca has tanked 74 per cent, after the company reported net loss for the third straight quarter. In comparison, the S&P BSE Sensex was up 5 per cent during the same period. The stock had