Concord Drugs Achieves 52-Week High Amid Strong Market Momentum and Recovery

Jul 03 2025 09:37 AM IST
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Concord Drugs has reached a new 52-week high of Rs. 53.95, outperforming its sector significantly. The stock has gained 73.16% over the past six days and is trading above multiple moving averages, indicating strong momentum. Its one-year performance shows a 35.20% increase, contrasting with the Sensex's modest rise.
Concord Drugs, a microcap player in the Pharmaceuticals & Biotechnology sector, has made headlines today as its stock price reached a new 52-week high of Rs. 53.95. This milestone was achieved during a day when the stock outperformed its sector by 4.72%. Over the past six days, Concord Drugs has shown remarkable momentum, with a substantial gain of 73.16% during this period.

The stock's performance today included an intraday high of Rs. 53.95, reflecting a 5.47% increase. Notably, Concord Drugs is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend in its price action.

In the broader market context, the Sensex opened positively but has since dipped, currently trading at 83,360.98, down by 0.06%. Despite this, Concord Drugs has demonstrated a robust one-year performance, boasting a 35.20% increase, significantly outpacing the Sensex's 4.22% rise. The stock's 52-week low stands at Rs. 26.1, highlighting its impressive recovery and growth trajectory.
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