Lactose (India) Ltd's Stock Reaches All-Time High, Outperforms Sector by 3.61%

Jun 16 2024 09:20 AM IST
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Lactose (India) Ltd, a microcap pharmaceutical company, has been making headlines in the stock market with its share price reaching an all-time high on June 16, 2024. The stock has shown impressive growth in the past year, outperforming the sector and currently trading higher than its moving averages. MarketsMojo has given a 'Hold' call for the company.

Lactose (India) Ltd, a microcap pharmaceutical company, has been making headlines in the stock market as its share price reached an all-time high on June 16, 2024. The stock has been performing well in the past few days, gaining 9.38% in just two days and outperforming the sector by 3.61%. Today, the stock touched an intraday high of Rs 195.1, which is a 9.98% increase from the previous day's closing price.

The stock has also shown high volatility, with an intraday volatility of 5.12%, calculated from the weighted average price. Lactose (India) Ltd is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in the stock's performance.

In the past year, Lactose (India) Ltd has shown an impressive growth of 290.19%, while the Sensex has only grown by 21.77%. This showcases the company's strong performance and potential for growth in the pharmaceutical industry.

MarketsMOJO has given a 'Hold' call for Lactose (India) Ltd, indicating that investors should hold onto their shares in the company. With its recent success and positive performance, Lactose (India) Ltd is definitely a company to watch out for in the microcap pharmaceutical sector.
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