Laurus Labs' Stock Sees 3.02% Increase and 'Hold' Recommendation from MarketsMOJO

Laurus Labs, a leading pharmaceutical company in the largecap industry, saw a 3.02% increase in its stock price on October 9th, 2024. This rise in stock price was reflected in the 'Hold' call given by MarketsMOJO.

The stock outperformed the sector by 1.32% and has been on a consecutive gain for the last 2 days, with a 5.16% increase in returns during this period. The stock also touched an intraday high of Rs 454.65, showing a 3.1% increase.

Laurus Labs' moving averages are currently higher than the 5 day, 100 day, and 200 day moving averages, but lower than the 20 day and 50 day moving averages. This indicates a positive trend for the company's stock.

In comparison to the Sensex performance, Laurus Labs' stock showed a 1 day performance of 3.25% while the Sensex only had a 0.49% performance. Similarly, in the last month, Laurus Labs' stock had a -7.21% performance while the Sensex had a 0.58% performance.

Overall, Laurus Labs' stock has shown a strong performance in the recent days and has been recommended as a 'Hold' by MarketsMOJO. With its positive moving averages and outperforming the sector, Laurus Labs continues to be a promising player in the pharmaceutical industry.