Akar Auto Industries' Stock Reaches All-Time High, Outperforms Sensex in Past Year

Jan 08 2024 11:00 AM IST
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Akar Auto Industries, a microcap engineering company, has seen a surge in its stock price, reaching an all-time high on January 8th, 2024. The stock is currently trading at Rs 158.8, just 4.82% away from its 52-week high. According to MarketsMojo, the stock is rated as a 'Sell', but has outperformed the Sensex in the past year. Investors should conduct their own research before investing.

Akar Auto Industries, a microcap engineering company, has recently seen a surge in its stock price, reaching an all-time high on January 8th, 2024. The stock is currently trading at Rs 158.8, just 4.82% away from its 52-week high.

According to MarketsMOJO, a leading stock analysis platform, the stock is currently rated as a 'Sell'. However, the company's performance today is in line with the overall sector.

In terms of moving averages, Akar Auto Industries is trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in its stock price.

In the past year, the company's stock has outperformed the Sensex, with a growth of 127.52% compared to the Sensex's 19.89% growth.

Akar Auto Industries, with its focus on engineering, has shown promising growth in the past year. However, it is important for investors to do their own research and analysis before making any investment decisions.
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