Here is why Sanofi India should be on your radar

Sanofi India share price gained by more than 3.8 per cent on Tuesday trading session. The stock was trading with bullishness even as a Golden Crossover was seen in the August 16, trading session.  

The 50D Moving Average crossover of 200D Moving Average happened on August 16. Such a crossover is considered bullish for the underlying stock. On Tuesday a long bullish candle was formed in Sanofi India daily chart. A bullish Engulfing pattern was seen on Tuesday trading session which suggests that the bulls are in control when it comes to Sanofi India 

Sanofi India has been reporting positive results and is seen outperforming markets in the past few weeks.  

The share price of Sanofi India is up by more than 11 per cent in one month while in 2021 the shares of Sanofi India are up by more than 7 per cent. In one year, the shares of Sanofi India have climbed only 5 per cent, thus underperforming markets and its peers.  

Sanofi India is a pharma company in India with two manufacturing sites in Ankleshwar and Goa. These sites manufacture products with the stringent global quality guidelines.