Syncom Formulations (India) Ltd: A Smallcap Pharma Company Making Waves in Stock Market

Sep 06 2024 09:26 AM IST
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Syncom Formulations (India) Ltd, a smallcap pharmaceutical company, has been making headlines in the stock market with its recent performance. On September 6, 2024, the company's stock price reached an all-time high of Rs. 23.07, outperforming its sector by 3.13%. With a 170.29% growth in the past year, the company shows strong financials and potential for further growth.

Syncom Formulations (India) Ltd, a smallcap pharmaceutical company, has been making waves in the stock market with its recent performance. On September 6, 2024, the company's stock price reached an all-time high of Rs. 23.07, marking a significant milestone for the company.

MarketsMOJO, a leading stock market analysis and recommendation platform, has given a 'Buy' call for Syncom Formulations (India) Ltd. This is a testament to the company's strong performance and potential for growth in the future.

In terms of price performance, Syncom Formulations (India) Ltd has outperformed its sector by 3.13% and has been on a consecutive gain for the past 3 days, with a 15.17% increase in its stock price. The company's stock is also trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend.

In the past year, Syncom Formulations (India) Ltd has shown an impressive growth of 170.29%, outperforming the Sensex's performance of 24.50%. This showcases the company's strong financials and potential for further growth in the future.

With its consistent performance and positive outlook, Syncom Formulations (India) Ltd is definitely a stock to watch out for in the pharma industry. Investors can consider adding this smallcap company to their portfolio for potential long-term gains.
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