Cholamandalam Investment & Finance Co. Ltd. Proves Strong Position with 3.11% Gain

Oct 08 2024 01:05 PM IST
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Cholamandalam Investment & Finance Company Ltd (CIFCL) has shown a 3.11% gain on October 8th, 2024, reaffirming its strong position in the finance industry. With a 'Buy' call from MarketsMojo and impressive moving averages, CIFCL has consistently performed well. It has also outperformed Sensex in both short-term and long-term performance.

Cholamandalam Investment & Finance Company Ltd (CIFCL) has once again proven its strong position in the finance industry with a 3.11% gain on October 8th, 2024. This largecap company has been consistently performing well, with a stock call of 'Buy' by MarketsMOJO. It has also been a part of MOJO Stocks on MarketsMOJO since June 21st, 2024.

The stock has shown a positive trend reversal, gaining after 4 consecutive days of fall. It touched an intraday high of Rs 1529.15, showing a 3.29% increase. The moving averages for CIFCL are also impressive, being higher than the 50 day, 100 day, and 200 day moving averages. However, it is currently lower than the 5 day and 20 day moving averages.

In comparison to the Sensex performance, CIFCL has outperformed with a 1 day performance of 2.77% while Sensex only showed a 0.43% increase. In the past month, CIFCL has also outperformed Sensex with a 0.35% increase compared to Sensex's 0.26%.

CIFCL's consistent performance and strong position in the finance industry make it a reliable choice for investors. With its recent gain and positive trend reversal, it is definitely a stock to watch out for.
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