Syncom Formulations (India) Ltd sees impressive stock gains, outperforms sector and benchmark index

Jul 12 2024 12:50 PM IST
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On July 12, 2024, Syncom Formulations (India) Ltd, a smallcap pharmaceutical company, saw a 7.09% increase in its stock, outperforming the sector by 7.19%. With a 'Hold' recommendation from MarketsMojo, the stock has been trading higher than its moving averages and has outperformed the Sensex by 13.27% in the past month.
Syncom Formulations (India) Ltd sees impressive stock gains, outperforms sector and benchmark index


Syncom Formulations (India) Ltd, a smallcap pharmaceutical company, has seen a positive trend in its stock performance on July 12, 2024. The stock has gained 7.09% on this day, outperforming the sector by 7.19%. This marks the second consecutive day of gains for the company, with a total increase of 8.57% in the past two days.

According to MarketsMOJO, a leading stock analysis and recommendation platform, the current call for Syncom Formulations (India) Ltd is 'Hold'. This suggests that investors should hold onto their current positions in the company's stock.

In terms of moving averages, Syncom Formulations (India) Ltd is trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a positive trend in the stock's performance.

On a broader scale, the company's stock has outperformed the Sensex, India's benchmark stock index, by 7.09% in just one day. In the past month, Syncom Formulations (India) Ltd has also outperformed the Sensex by 13.27%, while the Sensex has only seen a 5.04% increase in the same period.

As a smallcap company in the pharmaceutical industry, Syncom Formulations (India) Ltd has shown promising growth in its stock performance. With a positive trend and outperforming the sector and benchmark index, the company's stock is definitely one to watch in the coming days.
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