Makers Laboratories Stock Reaches 52-Week High, Outperforms Sector by 17.92%

Makers Laboratories, a microcap pharmaceutical company, saw its stock price reach a 52-week high on August 5th, 2024. This was a significant milestone for the company, as it outperformed the sector by 17.92% on that day. The stock has been on a consecutive gain for the past two days, with a 30.27% increase in returns during this period.

Despite opening with a loss of -4.1%, the stock managed to touch an intraday high of Rs 168.5, which is a 16.25% increase from its previous close. However, it also touched an intraday low of Rs 135, showing high volatility with an intraday range of 11.04%.

Makers Laboratories has been consistently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in its stock price. In the past year, the company has shown a strong performance with a 41.12% increase in its stock price, compared to the Sensex's 19.89% performance.

While the stock has been performing well, it is important to note that MarketsMOJO has given a 'Sell' call for Makers Laboratories. However, it is always advisable to do thorough research and consult with a financial advisor before making any investment decisions.