Akar Auto Industries Surges to Record High

Dec 22 2023 09:47 AM IST
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Akar Auto Industries, a microcap engineering company, has seen a surge in its share price, reaching an all-time high of Rs.147 on December 22, 2023. Despite a 'Sell' rating from MarketsMojo, the stock has outperformed the sector by 1.99% and has been on a consecutive gain for the last two days. Its impressive 1-year performance and bullish trend make it a noteworthy company in the stock market.

Akar Auto Industries, a microcap engineering company, has been making headlines in the stock market as its share price reached an all-time high of Rs.147 on December 22, 2023. This surge in price has caught the attention of investors and analysts alike.

According to MarketsMOJO, a leading stock analysis platform, the stock call for Akar Auto Industries is currently 'Sell'. However, the company's performance today has outperformed the sector by 1.99%, indicating a positive trend.

The stock has been on a consecutive gain for the last two days, with a significant increase of 11.88% during this period. It also opened with a gain of 2.65% today and touched an intraday high of Rs.147, showing strong momentum.

Akar Auto Industries is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bullish trend. This is further supported by its impressive 1-year performance of 104.58%, compared to the Sensex's performance of 16.44%.

As a microcap company in the engineering industry, Akar Auto Industries has shown remarkable growth and potential in the stock market. However, it is important to note that this article is purely informative and does not offer any recommendations or predictions for the future. Investors are advised to conduct their own research and make informed decisions.
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