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The stock hit a record high of Rs 462 on 24 February 2023 but witnessed some consolidation last week. Short-term traders can look to buy the stock now or on dips for a possible target of Rs 500 in the next 3-4 weeks, they say.The stock rose from Rs 292 recorded on 24 November 2022 to Rs 448 as on 24 February 2023 which translates into an upside of over 50% in the last 3 months

The stock quoted a 52-week high price of Rs 730.0 and a 52-week low of Rs 397.3.

The stock quoted a 52-week high of Rs 955.65 and a 52-week low of Rs 660.2.

Promoters held 26.7 per cent stake in the company as of 31-Dec-2022, while FIIs owned 27.29 per cent, DIIs 23.35 per cent.

The Relative Strength Index of the stock stood at 49.51 on Tuesday.

Sanofi India, incorporated in the year 1956, is a Mid Cap company (having a market cap of Rs 13505.73 Crore) operating in Pharmaceuticals sector.

The Nifty Auto index was trading 1.1 per cent up at 12814.3.

A total of 17,551 shares changed hands on the counter till 10:31AM (IST)

“Equity markets will be volatile because that is the nature of the beast. At the end of the day that is what equity markets are supposed to be and that is how they are. All of us know that while fixed income can look compelling from a short term or a medium term perspective, over a medium to long term, returns on equity far exceed that of fixed income.”

Stocks that were in focus include names like ACC which was down nearly 2%, Life Insurance Corporation fell nearly 3% to hit its fresh 52-week low, and Bata India fell over 2% to hit a fresh low on Monday.