Arihant Capital Markets' Stock Hits 52-Week High, Outperforms Sector and Sensex

Sep 13 2024 09:37 AM IST
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Arihant Capital Markets, a smallcap finance/NBFC company, has been gaining attention in the stock market. On September 13, 2024, its stock price reached a 52-week high of Rs. 107.99, supported by MarketsMojo's 'Buy' call. The stock has consistently outperformed the sector and its moving averages, showing a strong potential for growth.

Arihant Capital Markets, a smallcap company in the finance/NBFC industry, has been making waves in the stock market with its recent performance. On September 13, 2024, the company's stock price hit a 52-week high of Rs. 107.99, showing a strong upward trend.

This positive momentum has been further reinforced by MarketsMOJO's 'Buy' call on the stock. The company's stock has also outperformed the sector by -0.3% today, indicating a strong potential for growth.

In terms of moving averages, Arihant Capital is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This is a positive sign for investors as it shows a consistent upward trend in the company's stock price.

Looking at the company's performance over the past year, Arihant Capital has shown a remarkable growth of 60.57%, outperforming the Sensex's performance of 22.59%. This further solidifies the company's position as a strong player in the finance/NBFC industry.

With its recent 52-week high and positive performance, Arihant Capital Markets is definitely a company to watch out for in the stock market. Investors can consider adding this smallcap company to their portfolio for potential long-term gains.
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