Alicon Castalloy's Stock Reaches All-Time High, Outperforms Sector and Sensex

Alicon Castalloy, a smallcap company in the auto ancillary industry, has been making headlines in the stock market as its share price reached an all-time high on June 26, 2024. The stock has been on an upward trend, gaining 4.69% in the last four days and outperforming the sector by 0.53%.

At the time of writing, the stock is trading at Rs 1280.75, just 3.05% away from its 52-week high of Rs 1329.9. This is a significant increase from its 52-week low of Rs 712.5. The stock opened with a gain of 2.94% today and touched an intraday high of Rs 1312.9.

Alicon Castalloy's performance in the last year has been impressive, with a 79.31% increase in its share price compared to the Sensex's 24.41% performance. The company has also been consistently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

MarketsMOJO has given a 'Hold' call for Alicon Castalloy, indicating that investors should hold onto their current positions in the stock. This news has further boosted investor confidence in the company.

Alicon Castalloy is a leading player in the auto ancillary industry, providing high-quality castings and components to major automobile manufacturers. With its strong performance and positive outlook, the company is poised for continued growth in the future.