Capital India Finance's Stock Reaches All-Time High, Outperforms Sector and Sensex

Capital India Finance, a smallcap finance company, has been making waves in the stock market as its price reached an all-time high on October 16, 2024. The stock, which is currently trading at Rs. 278.4, has been gaining for the last 8 consecutive days and has risen by an impressive 92.66% in this period. This performance has outperformed the sector by 9.89%, making it a top pick for investors.

The stock opened with a gap up of 10% today and touched an intraday high of Rs. 278.4. It has been trading at this price since then, indicating strong support from investors. In fact, Capital India Finance is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, further solidifying its bullish trend.

In terms of overall performance, Capital India Finance has outshined the Sensex by a significant margin, with a 1-year return of 124.97% compared to Sensex's 23.42%. This showcases the company's strong financials and growth potential in the finance/NBFC industry.

MarketsMOJO has given a 'Sell' call for Capital India Finance, but with its impressive performance and strong market sentiment, the stock seems to be a promising investment opportunity for those looking to invest in the smallcap segment. However, as with any investment, it is important to do thorough research and consult with a financial advisor before making any decisions.