Ahluwalia Contracts (India) Ltd sees 6.13% stock gain on BSE, rated 'Hold' by MarketsMOJO

Sep 10 2024 09:35 AM IST
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On September 10, 2024, Ahluwalia Contracts (India) Ltd, a midcap company in the capital goods industry, saw a 6.13% increase in its stock price on the BSE. The stock has been on a consecutive gain for the last 2 days and has outperformed the Sensex in the short term, but has seen a decline in the last month. Investors should carefully analyze the company's financials and market trends before making any investment decisions.


Ahluwalia Contracts (India) Ltd, a midcap company in the capital goods industry, saw a positive trend in its stock performance on September 10, 2024. The stock gained 6.13% and closed at Rs. 1275.75 on the Bombay Stock Exchange (BSE). This performance was higher than the sector average by 5.21%.

According to MarketsMOJO, a leading stock analysis and recommendation platform, the stock of Ahluwalia Contracts (India) Ltd is currently rated as 'Hold'. This rating is based on the company's recent performance and market trends.

The stock opened with a gain of 6.19% today, indicating a positive sentiment among investors. It also touched an intraday high of Rs. 1280, which is a 6.78% increase from its previous closing price. The stock has been on a consecutive gain for the last 2 days and has shown a 7.18% return in this period.

In terms of moving averages, the stock is currently higher than its 5-day, 100-day, and 200-day moving averages. However, it is lower than its 20-day and 50-day moving averages. This indicates a mixed trend in the short term, but a positive trend in the long term.

On a comparative basis, Ahluwalia Contracts (India) Ltd has outperformed the Sensex by 5.51% in the last 1 day and has underperformed by -4.52% in the last 1 month. This shows that the stock has been performing better than the overall market in the short term, but has seen a decline in the last month.

Overall, Ahluwalia Contracts (India) Ltd has shown a positive trend in its stock performance on September 10, 2024. However, investors should carefully analyze the company's financials and market trends before making any investment decisions.
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