Pharma stock near 52-week high after Q3 results. Will it climb to a new peak?
1 year, 1 month ago

Pharma stock near 52-week high after Q3 results. Will it climb to a new peak?

Live Mint  

Stock market today: After climbing to 52-week high of ₹56.20 apiece on NSE in the last week of December 2023, shares of Morepen Laboratories Ltd remained in the base building mode for near one month. Morepen share price today opened higher and went on to touch an intraday high of ₹55.10 apiece on NSE, just ₹1.10 away from the 52-week high of ₹56.20 apiece. According to stock market experts, Morepen shares gave strong upside movement during Covid-19 pandemic as demand for its products were quite high. Morepen share price outlook Speaking on the reason for uptrend in Morepen shares, Avinash Gorakshkar, Head of Research at Profitmart Securities said, "Morepen Laboratories Ltd witnessed strong upside in its business volume during the Covid-19 pandemic.

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