CGCEL's Stock Gains 3.05%, Outperforms Sector and Sensex - A Strong Performer in Consumer Electronics Industry

Crompton Greaves Consumer Electrical Ltd (CGCEL) has been making waves in the consumer electronics industry with its recent stock performance. On July 8th, the company's stock gained 3.05%, closing at Rs 423.05. This positive movement has caught the attention of MarketsMOJO, who have given a 'Buy' call for the stock.

CGCEL's stock is currently trading close to its 52-week high of Rs 436.6, with only a 3.52% difference. This shows the company's strong performance in the market. In fact, on the day of the stock's gain, it outperformed the sector by 2.97%. This is a significant achievement for a largecap company in the consumer electronics industry.

The stock has been on a consecutive gain for the last 2 days, with a 3.26% increase in returns during this period. This shows the company's consistent growth and positive momentum in the market. Intraday, the stock touched a high of Rs 423.05, which is a 3.37% increase from its previous close.

CGCEL's stock is also trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a strong and sustained performance by the company in the market.

In comparison to the Sensex, CGCEL's stock has outperformed with a 1-day performance of 2.92% while the Sensex's performance was -0.11%. Similarly, in the last 1 month, CGCEL's stock has shown a 6.08% increase while the Sensex's performance was 4.19%. This further highlights the company's strong performance and growth potential.

With its consistent growth and positive momentum, CGCEL is definitely a stock to watch out for in the consumer electronics industry. Investors can take advantage of this opportunity and consider adding CGCEL to their portfolio.