Automotive Stampings & Assemblies Ltd Soars to New High, Outperforms Sector and Market

Automotive Stampings & Assemblies Ltd, a smallcap company in the auto ancillary industry, saw a significant increase in its stock price on June 11th, 2024. The stock gained 7.41% and closed at a new 52-week and all-time high of Rs. 957.85. This performance was also reflected in the stock's outperformance of the sector by 4%.

According to MarketsMOJO, a leading stock analysis and recommendation platform, the current call for Automotive Stampings & Assemblies Ltd is 'Hold'. The stock has been on a consecutive gain for the last 2 days and has risen 5.57% in this period. It also touched an intraday high of Rs. 957.85, a 9.08% increase from the previous day.

In terms of moving averages, Automotive Stampings & Assemblies Ltd is trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a positive trend for the stock.

In comparison to the overall market performance, Automotive Stampings & Assemblies Ltd has outperformed the Sensex by a significant margin. On the day of June 11th, the stock's performance was 7.41% compared to the Sensex's 0.29%. In the past month, the stock has also outperformed the Sensex with a 9.03% return compared to the Sensex's 5.57%.

Overall, Automotive Stampings & Assemblies Ltd has shown strong performance in the past few days and has been consistently outperforming the market. With a 'Hold' call from MarketsMOJO, investors may want to keep an eye on this smallcap company in the auto ancillary industry.