Poly Medicure's Stock Gains 4.03%, Outperforms Sector and Sensex on October 28, 2024

Poly Medicure, a leading player in the medical equipment and supplies industry, has been making waves in the stock market with its recent performance. On October 28, 2024, the company's stock gained 4.03%, closing at Rs 2612. This positive movement has caught the attention of investors and analysts, with MarketsMOJO giving a 'Buy' call for the stock.

Poly Medicure has been a reliable performer on MarketsMOJO since August 7, 2023, and its current stock price is just 0.03% away from its 52-week high of Rs 2631. This shows the company's consistent growth and stability in the market. In fact, on the day of the stock's gain, it outperformed the sector by 1.4%, reaching an intraday high of Rs 2630.15.

The stock also saw a low of Rs 2458.05, but this dip was short-lived as it quickly bounced back and closed on a positive note. Poly Medicure's stock is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend.

In the medical equipment/supplies/accessories sector, Poly Medicure has gained 2.83%, showcasing its dominance in the industry. Its 1-day performance of 3.98% has also outperformed the Sensex's performance of 1.18%. Over the past month, the stock has seen a growth of 15.70%, while the Sensex has seen a decline of -6.11%.

With its consistent performance and strong presence in the medical equipment industry, Poly Medicure is definitely a stock to watch out for. Investors can take advantage of its current positive movement and consider adding it to their portfolio.