Morepen Laboratories' Stock Surges to New High, Garnering Attention from MarketsMOJO

Morepen Laboratories, a midcap pharmaceutical company, has been making headlines in the stock market with its recent surge in stock price. On September 10th, the company's stock gained 5.08%, closing at a new 52-week high of Rs.99.2. This positive performance has caught the attention of MarketsMOJO, who have given a 'Buy' call for the stock.

The stock has been on a winning streak for the past two days, with a consecutive gain of 10.87%. This has also outperformed the sector by 4.21%, showcasing the company's strong performance in the pharmaceutical industry.

Intraday trading saw the stock reach a high of Rs.99.2, a 5.45% increase from the previous day. Morepen Laboratories is also trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in the stock's performance.

In comparison to the Sensex, Morepen Laboratories has outperformed with a 1-day performance of 6.73% versus the Sensex's 0.05%. Over the past month, the stock has shown a remarkable 72.72% increase, while the Sensex has only seen a 2.38% increase.

With such impressive numbers, it's no surprise that MarketsMOJO has given a 'Buy' call for Morepen Laboratories. As a midcap company in the pharmaceutical industry, Morepen Laboratories is definitely one to watch in the stock market.