Cochin Malabar Estates & Industries hits 52-week high with consecutive gains and strong performance in rubber products industry

Jun 03 2024 10:05 AM IST
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Cochin Malabar Estates & Industries Ltd, a microcap company in the rubber products industry, has seen a 54.95% rise in the past 9 days and hit a 52-week high on June 3rd, 2024. Despite a 'Sell' call from MarketsMojo, the company's performance has been impressive, with a 200.16% increase in the past year. The stock is currently trading above its moving averages, indicating a positive trend.

Cochin Malabar Estates & Industries Ltd, a microcap company in the rubber products industry, has recently hit a 52-week high on June 3rd, 2024. The stock has been performing well, with a consecutive gain for the past 9 days and a rise of 54.95% in that period. Today, the stock opened with a gain of 4.99% and touched an intraday high of Rs 186.1.

According to MarketsMOJO, the stock call for Cochin Malabar Estates & Industries is 'Sell'. However, the company's performance in the past year has been impressive, with a 200.16% increase compared to the Sensex's 21.56% performance.

Cochin Malabar Estates & Industries is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in the stock's performance. This microcap company operates in the rubber products industry and has shown strong growth in the past year.

Investors should keep an eye on Cochin Malabar Estates & Industries as it continues to perform well in the market. However, it is important to note that this is not a recommendation to buy or sell the stock, as it is based on fact-based analysis and not influenced by investor interest or expert opinions.
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