ACGL Stock Reaches All-Time High, Outperforms Sector and Market

Mar 05 2024 10:25 AM IST
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ACGL, a smallcap company in the auto ancillary industry, has reached an all-time high in its stock price with a 2.98% increase from its 52-week high. It has outperformed its sector by 5.55% and has shown a consecutive gain for the last 3 days. With a 'Buy' call from MarketsMojo and trading above its moving averages, ACGL has shown impressive growth of 134.83% in the past year, making it a company to watch out for in the market.

Automobile Corporation Of Goa (ACGL) has recently reached an all-time high in its stock price, with a 2.98% increase from its 52-week high of Rs 1899. This smallcap company in the auto ancillary industry has been gaining momentum in the market, outperforming its sector by 5.55% and showing a consecutive gain for the last 3 days.

On 2024-03-05, ACGL's stock was given a 'Buy' call by MarketsMOJO, a leading stock market analysis platform. The stock also touched an intraday high of Rs 1870, showing a 7.42% increase. This positive trend is further supported by the fact that ACGL is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

In the past year, ACGL has shown an impressive performance of 134.83%, while the Sensex has only shown a 22.83% increase. This highlights the company's strong growth and potential in the market. With its recent surge in stock price and positive outlook, ACGL is definitely a company to watch out for in the auto ancillary industry.
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