Cochin Malabar Estates & Industries Ltd Hits 52-Week High, Outperforms Sector and Market

Jun 13 2024 09:36 AM IST
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Cochin Malabar Estates & Industries Ltd, a microcap company in the rubber products industry, has hit a 52-week high on June 13, 2024, with a current price of Rs. 249. Despite being rated as a 'Sell' by MarketsMojo, the stock has outperformed the sector and has been on a consecutive gain for the last 6 days. It has also shown a significant increase in its stock price in the past year, outperforming the market. With a positive trend and strong performance, Cochin Malabar Estates & Industries Ltd is a promising company to watch out for in the future.

Cochin Malabar Estates & Industries Ltd, a microcap company in the rubber products industry, has recently hit a 52-week high on June 13, 2024. The stock has been performing well in the market, with a current price of Rs. 249, which is also an all-time high for the company.

According to MarketsMOJO, the stock is currently rated as a 'Sell'. However, it has outperformed the sector by 4.44% and has been on a consecutive gain for the last 6 days, with a 33.91% increase in returns during this period. The stock also opened with a gain of 4.55% today and touched an intraday high of Rs. 249, which is 5% higher than its previous close.

The stock has been trading in a narrow range of Rs. 1.15 and is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a positive trend for Cochin Malabar Estates & Industries Ltd in the market.

In the past year, the company has shown an impressive performance with a 243.07% increase in its stock price, while the Sensex has only seen a 21.87% growth. This shows that Cochin Malabar Estates & Industries Ltd has been able to outperform the market and deliver strong returns for its investors.

As a microcap company in the rubber products industry, Cochin Malabar Estates & Industries Ltd has shown promising growth and potential in the market. With its recent 52-week high and consistent positive performance, the company is definitely one to watch out for in the future.
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