Granules India's Stock Reaches New High, Outperforms Sector and Sensex

Granules India, a leading pharmaceutical company in the midcap sector, has been making waves in the stock market with its recent performance. On August 21, 2024, the company's stock price reached a new 52-week high of Rs. 698.25, which is also an all-time high for the company. This has caught the attention of investors and analysts, with MarketsMOJO giving a 'Buy' call for the stock.

The stock has been on a winning streak for the past three days, outperforming the sector by 1.96%. In this period, it has seen a 4.9% increase in returns. The intraday high for the stock was Rs. 698.25, showing a 3.61% increase. Granules India's stock is also trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend.

In the past year, Granules India has shown an impressive performance of 132.19%, while the Sensex has only seen a 24.06% increase. This showcases the company's strong growth and potential in the pharmaceutical industry. With its consistent performance and positive outlook, Granules India is definitely a stock to watch out for in the midcap sector.

Investors can take advantage of this opportunity and consider adding Granules India to their portfolio. With its strong performance and potential for growth, the company is poised to continue its upward trajectory in the stock market.