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    Stock Radar: Up 50% in 6 months! Why Granules India could keep hitting record highs: Ajit Mishra

    Synopsis

    The pharma stock rose from Rs 291 on August 14 to Rs 435 recorded on February 15, which translates into an upside of about 50% in six months. It rose more than 6% in a week and over 20% in the last 3 months. The momentum helped the stock to break out from a month-long consolidation.

    Granules India, part of the pharma space, has rallied by about 50% in the last six months to hit a fresh record high in February 2024 and the chart pattern suggests that the rally may not be over yet.Short-term traders can look to buy the stop now or on marginal dips for a possible target above Rs 500 in the next 2-4 months, suggest experts.The pharma stock rose from Rs 291 on August 14 to Rs 435 recorded on February 15, which translates into an
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