Piramal Pharma's Stock Sees Positive Growth, Outperforms Sector and Sensex

Nov 29 2024 09:50 AM IST
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On November 29th, 2024, Piramal Pharma's stock price saw a 4.19% increase, outperforming the sector by 3.59%. With an intraday high of Rs 258.9 and trading above its moving averages, the company has consistently shown strong performance in the pharmaceutical industry. Investors can hold onto their stocks as MarketsMojo has given a 'Hold' call for the stock.

Piramal Pharma, a leading pharmaceutical company in the largecap industry, has seen a positive growth in its stock price on November 29th, 2024. The stock has gained 4.19%, outperforming the sector by 3.59%. This has led to a 'Hold' call by MarketsMOJO for the stock.

The stock touched an intraday high of Rs 258.9, showing a 5.42% increase. It is currently trading higher than its 5 day, 50 day, 100 day, and 200 day moving averages, but lower than its 20 day moving average.

In comparison to the Sensex performance, Piramal Pharma has outperformed with a 1 day performance of 5.60% while the Sensex has only seen a 0.37% increase. In the past month, Piramal Pharma has also outperformed the Sensex with a 3.39% increase compared to the Sensex's -1.28% performance.

Piramal Pharma's strong performance can be attributed to its consistent growth and success in the pharmaceutical industry. With its largecap size, the company has established itself as a key player in the market. Investors can continue to hold onto their stocks as the company continues to show promising growth.
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