Acme Resources' Stock Reaches All-Time High, Outperforms Sector with 96.47% Return

Acme Resources, a microcap finance company, has been making waves in the market as its stock price reached an all-time high of Rs.73.52 on January 30, 2024. This comes as no surprise as the company has been consistently outperforming the sector, with a consecutive gain for the last 16 days and a remarkable 96.47% return in that period.

The stock opened today with a 2% gain and touched an intraday high of Rs.73.52, showing no signs of slowing down. It is currently trading at the same price, indicating a strong hold in the market. Acme Resources has also been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, further solidifying its position in the market.

In comparison to the Sensex, Acme Resources has shown an impressive 1-year performance of 308.44%, while the Sensex has only seen a 20.66% growth. This showcases the company's strong potential and growth in the finance/NBFC industry.

MarketsMOJO has given a 'Sell' call for Acme Resources, but with its current performance and market position, it is clear that the company is on a positive trajectory. Investors and traders should keep a close eye on this microcap company as it continues to make strides in the market.