Unichem Laboratories Surges 9.09%, Reaches New 52-Week High and Receives 'Buy' Call from MarketsMOJO

Unichem Laboratories, a midcap pharmaceutical company, has been making headlines in the stock market with its recent surge in stock price. On October 22, 2024, the company's stock gained 9.09%, closing at Rs. 801, which is also its new 52-week and all-time high. This positive performance has caught the attention of MarketsMOJO, who have given a 'Buy' call for the stock.

Unichem Laboratories has outperformed the sector by 4.47% and has been on a consecutive gain for the last 4 days, with a 9.37% increase in its stock price during this period. The stock also touched an intraday high of Rs. 801, showing a 4.88% increase. This strong performance is further supported by the fact that Unichem Labs is trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

In comparison to the Sensex, Unichem Laboratories has shown a remarkable 1-day performance of 9.01%, while the Sensex has only seen a -0.16% change. Over the past month, Unichem Laboratories has also outperformed the Sensex with a 29.45% increase, while the Sensex has seen a -4.17% change.

This impressive performance by Unichem Laboratories is a testament to the company's strong position in the pharmaceutical industry. With its consistent growth and positive outlook, it is no surprise that MarketsMOJO has given a 'Buy' call for the stock. Investors can keep an eye on Unichem Laboratories as it continues to make strides in the market.