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Palak Jain

6th Feb · SEBI-Registered Analyst

Upper circuit stock: Sudarshan Pharma rallies 10% to hit roof, up 17% in 3 sessions; do you own?

Upper circuit stock: Shares of

SUDARSCHEM
Industries today extended the winning streak to the third straight session amid firm buying in the counter. The smallcap stock defied selling in the broader markets as it opened with a gap up with gain of more than 7 per cent at Rs 22.60. The stock extended the opening gains as it hit the day's upper price band of Rs 23.10 -- up 10 per cent. Trading on the counter was halted thereafter. The pharma stock has gained more than 16 per cent in the three consecutive trading sessions. From a technical standpoint, the stock is trading higher than 5-day and 20-day moving averages but lower than 50-day, 100-day and 200-day moving averages.

#MacroViews#SectorBreakouts#TrendingSectors#FundamentalViews#TechnicalViews
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