Cartrade Tech Hits New 52-Week High of Rs. 3008.95
Cartrade Tech has achieved a new 52-week high of Rs. 3008.95, following a strong six-day performance with a 17.23% increase. The stock opened with a gain and reached an intraday high, showcasing high volatility. It has significantly outperformed the broader market over the past year.
Cartrade Tech has reached a significant milestone by hitting a new 52-week high of Rs. 3008.95 today, marking a notable achievement for the small-cap player in the E-Retail/E-Commerce sector. This surge comes after a strong performance over the past six days, during which the stock has gained 17.23%. Today, Cartrade Tech opened with a gain of 2.44% and experienced an intraday high of Rs. 3008.95, reflecting a robust increase of 12.95% at its peak. The stock has demonstrated high volatility, with an intraday volatility of 8.01%. Notably, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend.
In the broader market context, the Sensex has been trading negatively, down 0.4% after opening lower. However, small-cap stocks, including Cartrade Tech, are leading the market, with the BSE Small Cap index gaining 0.22%. Over the past year, Cartrade Tech has delivered an impressive return of 170.14%, significantly outperforming the Sensex, which has seen a return of 5.55%.
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