Novartis India's Stock Price Soars 7.34%, Outperforms Sector and Gains 'Hold' Call from MarketsMOJO

Novartis India, a smallcap pharmaceutical company, has seen a significant increase in its stock price on April 4th, 2024. The stock has gained 7.34%, outperforming the sector by 7.13%. This positive performance has led MarketsMOJO to give a 'Hold' call for the stock.

According to MarketsMOJO, Novartis India has been part of their Hidden Turnaround list since January 25th, 2024. This list includes stocks that have shown potential for a turnaround in their performance. The stock has also been consistently gaining for the past two days, with a 7.62% increase in returns during this period.

On April 4th, the stock reached an intraday high of Rs 1119, which is a 7.44% increase from its previous closing price. Novartis India is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in its performance.

Investors may also be interested to know that Novartis India has a high dividend yield of 4.56% at its current price. This could be an attractive factor for those looking for stable returns.

In comparison to the overall market performance, Novartis India has outperformed the Sensex by 6.14% in the past day and 16.71% in the past month. This shows that the stock has been performing well even in a volatile market.

Overall, Novartis India has shown a strong performance in the past few days and has caught the attention of investors and analysts. With a 'Hold' call from MarketsMOJO and positive indicators such as outperforming the sector and high dividend yield, the stock may be worth considering for potential investors.