Chandrima Mercantiles Achieves Record Stock Price Amid Strong NBFC Sector Performance

Jan 16 2025 10:25 AM IST
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Chandrima Mercantiles has achieved an all-time high stock price of Rs. 106.89, reflecting a remarkable 1422.65% increase over the past year. The stock has gained for 13 consecutive days, outperforming the broader finance and NBFC sector, which has seen a modest gain of 2.13%.
Chandrima Mercantiles has reached an all-time high stock price of Rs. 106.89 today, marking a significant milestone for the microcap company in the finance and non-banking financial company (NBFC) sector. Over the past year, the stock has experienced an extraordinary increase of 1422.65%, vastly outperforming the Sensex, which has risen by only 5.32% in the same period.

The stock has shown consistent strength, gaining for 13 consecutive days and delivering impressive returns of 29.22% during this timeframe. It opened at Rs. 106.89 today and has maintained this price throughout the trading session. Furthermore, Chandrima Mercantiles is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating robust performance relative to its historical trends.

In the broader context, the finance and NBFC sector has seen a gain of 2.13%, suggesting a favorable environment for companies operating within this industry.
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