Coromandel Engineering Company reaches new 52-week high, outperforms sector and Sensex

Coromandel Engineering Company, a microcap company in the capital goods industry, has recently reached a new 52-week high on July 10, 2024. This has caught the attention of investors and market analysts, with MarketsMOJO giving a 'Sell' call for the stock.

The stock has been performing well, outperforming the sector by 5.09% and gaining 15.74% in the last 3 days. However, there have been some erratic trading patterns, with the stock not trading for 3 days out of the last 20. Today, the stock opened with a gap up of 5% and reached an intraday high of Rs 66.62.

It is worth noting that the stock has been consistently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend.

In comparison to the Sensex, Coromandel Engineering Company has shown a strong performance over the past year, with a 65.52% increase, while the Sensex has only grown by 22.73%.

As a microcap company in the capital goods industry, Coromandel Engineering Company has shown promising growth and potential for investors. However, it is important to do thorough research and analysis before making any investment decisions.