Abbott India Ltd. Surges 3.14%, Approaches 52-Week High Amid Strong Market Performance

Dec 27 2024 11:35 AM IST
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Abbott India Ltd. has seen a revision in its score following a strong performance, with the stock recently added to MarketsMojo's list. The company has outperformed its sector and the broader market, demonstrating robust trading above key moving averages and achieving significant returns over the past month.
Abbott India Ltd., a prominent player in the pharmaceuticals and drugs sector, has demonstrated notable performance in the stock market recently. On December 27, 2024, the company's stock increased by 3.14%, marking a significant outperformance compared to the broader market, as reflected by the Sensex's modest gain of 0.49%.

Currently, Abbott India is trading just 3.43% below its 52-week high of Rs 30,499.9, indicating strong market positioning. Over the past two days, the stock has shown a consecutive gain, accumulating a total return of 3.61%. The stock reached an intraday high of Rs 29,619, reflecting a rise of 3.36% during the trading session.

In terms of moving averages, Abbott India is performing well, trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past month, the stock has increased by 7.39%, contrasting sharply with the Sensex, which has declined by 1.71%. This performance underscores Abbott India's resilience and strong market presence within the large-cap segment of the pharmaceuticals industry.
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