CARE Ratings Stock Soars to New 52-Week High, Outperforms Sector by 8.08%

Oct 24 2024 09:35 AM IST
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On October 24, 2024, CARE Ratings, a leading ratings agency in the smallcap industry, saw a significant increase in its stock price, gaining 8.72% and trading at a new 52-week high of Rs.1320.4. The stock has been on a consecutive rise for the last two days and is currently trading higher than its moving averages, indicating a bullish trend. MarketsMojo has given a 'Hold' call for the stock.

CARE Ratings, a leading ratings agency in the smallcap industry, has seen a significant increase in its stock price on October 24, 2024. The stock has gained 8.72% and is currently trading at a new 52-week high of Rs.1320.4. This outperformance of the sector by 8.08% is a positive sign for the company.

The stock has been on a consecutive gain for the last two days, with a rise of 12.65% during this period. It opened with a gap up of 4.36% today and touched an intraday high of Rs.1320.4, which is a 11.99% increase from its previous close.

CARE Ratings is also trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bullish trend in the stock. In comparison to the Sensex, CARE Ratings has outperformed with a 1-day performance of 9.12% while the Sensex has shown a negative performance of -0.07%. Similarly, in the last 1 month, CARE Ratings has outperformed the Sensex with a 24.00% increase compared to the Sensex's -5.76% performance.

With these positive indicators, MarketsMOJO has given a 'Hold' call for CARE Ratings stock. Investors can keep a close eye on the company's performance in the smallcap industry.
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