Chandrima Mercantiles Achieves Record Stock Price Amid Strong Sector Performance
Chandrima Mercantiles, a microcap in the finance and NBFC sector, achieved an all-time high stock price of Rs. 98.79 on January 12, 2025. The stock has shown consistent growth with nine consecutive days of gains and an impressive annual return of 1488.26%, significantly outperforming the Sensex.
Chandrima Mercantiles, a microcap player in the finance and non-banking financial company (NBFC) sector, has reached an all-time high stock price of Rs. 98.79 as of January 12, 2025. This achievement underscores the company's strong performance, as it has outperformed its sector by 3.88% on the same day.The stock has demonstrated consistent growth, marking nine consecutive days of gains and delivering a substantial 19.43% return during this period. Its trading activity has remained stable, with price movements confined to a narrow range of just Rs. 0.01.
From a technical perspective, Chandrima Mercantiles is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a robust upward trend. Over the past year, the stock has delivered an extraordinary return of 1488.26%, significantly eclipsing the Sensex's return of 7.98%. These metrics highlight Chandrima Mercantiles' strong position within the financial sector.
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