Authum Investment & Infrastructure Achieves 52-Week High Amid Market Volatility
Authum Investment & Infrastructure has achieved a new 52-week high of Rs. 2441.95, reflecting strong performance amid market volatility. The stock has outperformed its sector and is trading above key moving averages, showcasing a significant increase over the past year compared to broader market indices.
Authum Investment & Infrastructure has made headlines today as its stock price reached a new 52-week high of Rs. 2441.95, marking a significant milestone for the large-cap non-banking financial company. This achievement comes amid a backdrop of high volatility, with the stock experiencing an intraday volatility of 7.77%. Over the past three days, Authum has shown a strong performance, gaining 5.05% and outperforming its sector by 1.98%.The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a robust upward trend. In contrast, the broader market has faced challenges, with the Sensex reversing sharply after a positive opening, currently down 0.42%. Despite this, Authum's one-year performance stands out, boasting a remarkable 167.81% increase compared to the Sensex's modest 5.97% gain over the same period.
With a 52-week low of Rs. 778.1, Authum Investment & Infrastructure's recent performance underscores its strong market position within the NBFC sector.
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