Soni Medicare Ltd Surges 4.27%, Approaches 52-Week High Amid Strong Buying Activity

Soni Medicare Ltd is witnessing significant buying activity, with the stock rising by 4.27% today, outperforming the Sensex, which gained only 0.67%. Over the past week, Soni Medicare has increased by 1.16%, while the Sensex rose by 0.49%. Notably, the stock has shown remarkable performance over longer periods, with a staggering 194.04% increase over the past year compared to the Sensex's 6.77%.
The stock opened with a gap down of 2.48% but quickly rebounded, reaching an intraday high of Rs 105. Despite touching a low of Rs 95.7 during the day, the overall trend remains positive, as Soni Medicare is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

Factors contributing to the buying pressure may include strong historical performance, particularly a 78.27% increase over the past three months, and a year-to-date gain of 221.69%. The stock is currently just 4.7% away from its 52-week high of Rs 109.93, indicating robust market interest in this microcap hospital sector player.