CESC Stock Reaches 52-Week High, Outperforms Sector and Sensex

Aug 27 2024 10:35 AM IST
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CESC, a leading power company in India, has reached a 52-week high on August 27, 2024, with its stock price surging and outperforming the sector by 3.58%. The stock has consistently shown strong performance, trading higher than its moving averages and delivering a remarkable growth of 141.54% in the past year.

CESC, a leading power company in India, has recently seen a surge in its stock price, reaching a 52-week high on August 27, 2024. The stock has been performing well in the market, with a current stock call of 'Hold' by MarketsMOJO.

On August 27, the stock hit a new 52-week high of Rs.198.85, outperforming the sector by 3.58%. This marks a positive trend reversal for the stock, as it has gained after two consecutive days of fall. Intraday, the stock reached a high of Rs.198.85, showing a 5.3% increase.

CESC's performance has been consistently strong, with the stock trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a positive trend for the company in the market.

In the past year, CESC has shown a remarkable growth of 141.54%, outperforming the Sensex's performance of 25.88%. This highlights the company's strong position in the power industry and its ability to deliver consistent returns to its investors.

With its strong performance and positive trend, CESC continues to be a top player in the power industry, making it a promising investment option for investors.
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