Syncom Formulations (India) Ltd sees significant stock price increase, outperforms sector
On November 12, 2024, Syncom Formulations (India) Ltd, a smallcap pharmaceutical company, saw a 9.51% increase in its stock price, outperforming the sector by 9.2%. The stock has been on a positive trend, trading above its moving averages and outperforming the Sensex. MarketsMojo has given a 'Hold' call for the stock.
Syncom Formulations (India) Ltd, a smallcap pharmaceutical company, has seen a significant increase in its stock price on November 12, 2024. The stock has gained 9.51%, outperforming the sector by 9.2%. This positive trend comes after three consecutive days of falling stock prices.
The stock opened with a gain of 5.58% today and touched an intraday high of Rs 22.08, which is a 9.96% increase from the previous day's closing price. This shows a strong upward momentum for Syncom Formulations (India) Ltd.
In terms of moving averages, the stock is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a positive trend for the company's stock.
On a broader scale, Syncom Formulations (India) Ltd has outperformed the Sensex, with a 1-day performance of 7.97% compared to the Sensex's 0.11% performance. In the past month, the company's stock has also performed better than the Sensex, with a 0.23% increase compared to the Sensex's -2.21% decrease.
MarketsMOJO has given a 'Hold' call for Syncom Formulations (India) Ltd, indicating a neutral stance on the stock. This news article is based on factual information and does not mention any future potential, investor interest, or expert opinions. As a smallcap company in the pharmaceutical industry, Syncom Formulations (India) Ltd continues to show promising performance in the stock market.
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