Syncom Formulations (India) Ltd Surges in Stock Market, Hits New Highs

Sep 06 2024 09:35 AM IST
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Syncom Formulations (India) Ltd, a smallcap pharmaceutical company, has been performing exceptionally well in the stock market. Its stock has gained 7.34% on September 6th and has consistently risen for the last 3 days, reaching a new 52-week and all-time high. With a 'Buy' call from MarketsMojo and strong investor confidence, the company is expected to continue its upward momentum and deliver returns for its investors.

Syncom Formulations (India) Ltd, a smallcap pharmaceutical company, has been making waves in the stock market with its recent performance. On September 6th, the company's stock gained 7.34%, outperforming the sector by 7.41%. This positive trend has been consistent for the last 3 days, with the stock rising 19.93% in that period.

The company's stock has also hit a new 52-week and all-time high of Rs.23.99, which is a significant milestone for the company. This strong performance has caught the attention of MarketsMOJO, who have given a 'Buy' call for the stock.

Intraday trading saw the stock reach a high of Rs.23.99, a 7.97% increase from the previous day. This is a clear indication of the company's upward momentum and investor confidence.

Syncom Formulations (India) Ltd is also trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which is a positive sign for the company's future.

In comparison to the Sensex, Syncom Formulations (India) Ltd has outperformed with a 1-day performance of 7.83% and a 1-month performance of 56.50%. This shows the company's strong growth potential and its ability to deliver returns for its investors.

With its recent performance and positive outlook, Syncom Formulations (India) Ltd is definitely a stock to watch out for in the pharmaceutical industry. Investors can expect continued growth and success from this smallcap company.
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