Arihant Capital Markets' Stock Hits All-Time High, Outperforms Sector and Sensex

Arihant Capital Markets, a smallcap company in the finance and NBFC industry, has been making waves in the stock market. On September 16, 2024, the company's stock price reached an all-time high, hitting Rs.114.84. This has caught the attention of investors and analysts, with MarketsMOJO giving a 'Buy' call for the stock.

In today's trading session, Arihant Capital outperformed its sector by 4.04%, showcasing its strong performance in the market. The stock has been on a winning streak for the past four days, with a 12.23% increase in its value during this period. It also opened with a gap up of 3.9%, indicating a positive sentiment among investors.

The stock's intraday high of Rs.114.84 marks a 7.39% increase from its previous close. This is a significant achievement for the company, especially considering the current market conditions. Arihant Capital is also trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, further solidifying its strong performance.

In the past year, Arihant Capital has outperformed the Sensex by a significant margin, with a 53.73% increase in its stock price compared to the Sensex's 22.44% performance. This showcases the company's strong growth and potential in the market.

With its consistent growth and positive performance, Arihant Capital Markets is definitely a stock to watch out for in the finance and NBFC industry. Investors can consider adding it to their portfolio for potential long-term gains.