Sun Pharma share hits 52-week high, gains over 6% intra day
Meanwhile, Nifty Pharma index surged over 4% today. This was in line with Sensex and Nifty that hit fresh lifetime highs of 50,526 and 14,868 during today s session
BusinessToday.In | February 4, 2021 | Updated 00:46 IST
Sun Pharma stock price has gained 10% in one week, 5% in one month and 6.3% since the beginning of the year
Share of Sun Pharma gained over 6% in Wednesday s trade to touch a fresh 52-week high amid a jump in pharma index today.
Sun Pharma share opened at Rs 614.45 and gained 6.38% to the intraday high as well as new 52-week high of Rs 648.3, against the last close of Rs 609.40 on BSE. Sun Pharma share has risen 12% in the last 4 days.
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A correction of not more than 300 and 400 points is expected in Nifty. On the lower side, watch out for 13,400 and 13,300 will be the levels to watch closely, says
Equity99 Advisors.
Is there comfort in the market even at these levels or are a lot of people shying away now and watching from the sideline?
My clients and all the investors who are associated with us are under confident right now as the markets have been shooting up and this is the time to be very cautious. Nifty has been moving in the 13,750-13,850 range where profit booking is very much expected. The market is looking overstretched right now and both technically and fundamentally correction is required.