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Due to positive global signals, the domestic stock market is witnessing a great rise on Wednesday (7 August). The market started strongly. Amidst this rise, many stocks are looking attractive on the technical chart. Brokerage firm Motilal Oswal has chosen Dr. Lal PathLabs as a technical pick from the pharma sector. The brokerage has given Dr. Lal PathLabs an upside target of up to 6 percent for 2-3 days.
Indian stock markets have started strongly on Wednesday. Nifty was up by 300 points, while Sensex was also trading up by almost 1,000 points. Nifty Bank had gained more than 500 points. The IT index was up by 2%. IT stocks were registering the highest growth. Apart from this, NBFCs and government stocks were also trading with a good jump.
In a bullish market, Dr. Lal PathLabs started trading on the green mark on Wednesday. The stock has seen good growth in the last 1 year. In the last 1 year, the stock has given a return of about 33 percent. So far in 2024, the stock has jumped 24 percent. At the same time, the stock has given a return of 26 percent in 6 months and 37 percent in 3 months. The stock has jumped about 10 percent in 1 month. The 52-week high of the stock on BSE is 3,208.25 and the low is 1,943.20. The market cap of the company is more than Rs 26,456 crore.
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