Astrazeneca Pharma India's Stock Reaches 52-Week High, Outperforms Sector and Market

Oct 07 2024 04:35 PM IST
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Astrazeneca Pharma India, a midcap pharmaceutical company, has seen a surge in its stock price, reaching a 52-week high on October 7th, 2024. The stock has been given a 'Hold' rating by MarketsMojo and is currently trading higher than its moving averages. With a strong performance and potential for growth, it is a company to watch out for.

Astrazeneca Pharma India, a midcap pharmaceutical company, has recently seen a surge in its stock price, reaching a 52-week high on October 7th, 2024. The stock has been given a 'Hold' rating by MarketsMOJO, a leading financial analysis platform.

Currently, the stock is trading at a price that is 4.69% away from its 52-week high of Rs 8139.85. It has also outperformed the sector by 5.78% in today's trading session. This marks a trend reversal for the stock, as it has gained after three consecutive days of falling.

In today's trading, the stock touched an intraday high of Rs 8139, which is a significant increase of 9.75%. Additionally, Astrazeneca Pharma is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend for the company.

In the past year, Astrazeneca Pharma India has shown a strong performance, with a growth of 64.70%, while the Sensex has only grown by 22.81%. This showcases the company's potential for growth and its ability to outperform the market.

Astrazeneca Pharma India is a midcap company in the pharmaceutical industry, known for its innovative and high-quality drugs. With its recent surge in stock price and positive performance, it is definitely a company to watch out for in the coming days.
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