Today, the National Stock Exchange (NSE) Nifty index opened on a positive note at the level of 11,751.80 from its previous closing level of 11,680.50. However, it is currently trading around the levels of 11,680 but despite this many stocks touched a fresh 52-week high on today including 3M India, Dr. Reddy, Gangotri Textiles, Havells India, HIL Ltd., and many others.
Even the shares of pharmaceutical companies continued their upward journey with Nifty Pharma index quoting higher for 11 out of past 14 trading days on the NSE. In the last 14 trading days, the pharma index has outperformed the market by surging 15 percent as compared to a 2.3 percent rise in the benchmark index.
Thus, Dr. Reddy, Sun Pharmaceutical Industries, Torrent Pharmaceuticals, Abbott India, Merck, and Sanofi India were among the pharma stocks that hit fresh 52-week high.