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

Sep 09 2024 09:55 AM IST
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Syncom Formulations (India) Ltd, a smallcap pharmaceutical company, has been gaining attention in the stock market with its recent performance. Its stock price reached an all-time high on September 9th, and is currently trading close to its 52-week high. The company has shown consistent growth and outperformed the sector, making it a promising investment option.

Syncom Formulations (India) Ltd, a smallcap pharmaceutical company, has been making waves in the stock market with its recent performance. On September 9th, the company's stock price reached an all-time high, signaling positive growth and potential for investors.

According to MarketsMOJO, a leading stock market analysis platform, Syncom Formulations (India) Ltd is a 'Buy' call. The stock is currently trading close to its 52-week high of Rs 24.25, with a 2.8% difference. In today's trading, the stock has outperformed the pharmaceutical and drugs sector by 2.38%.

The company has been on a winning streak, with its stock gaining for the last four consecutive days and showing a remarkable 18.13% increase in returns. This is a clear indication of the company's strong performance and potential for growth.

In addition, Syncom Formulations (India) Ltd is trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, further solidifying its positive trend in the market.

When compared to the Sensex performance, Syncom Formulations (India) Ltd has shown an impressive 176.85% growth in the past year, while the Sensex has only grown by 21.83%. This showcases the company's strong performance and potential for investors.

With its recent achievements and strong performance, Syncom Formulations (India) Ltd is definitely a company to watch out for in the pharmaceutical and drugs industry.
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