Craftsman Automation's Stock Price Soars to New High, Outperforms Sector by 4.98%

Craftsman Automation, a midcap engineering company, saw a 7.05% increase in its stock price on September 25, 2024. The stock, which opened with a loss of -2.9%, closed at a new 52-week and all-time high of Rs.7107.15. This outperformed the sector by 4.98% and showed a consecutive gain for the last two days with a 7.35% return in that period.

The stock also saw high volatility today, with an intraday volatility of 6.89%. However, it 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 Craftsman Automation.

According to MarketsMOJO, a leading stock analysis and recommendation platform, the stock call for Craftsman Automation is 'Hold'. This is based on its 1-day performance of 4.59% compared to the Sensex's 0.05% and its 1-month performance of 16.32% compared to the Sensex's 4.77%.

Craftsman Automation has been making steady progress in the engineering industry and its recent stock performance reflects this. Investors may want to keep an eye on this midcap company as it continues to show positive growth.