CreditAccess Grameen Achieves 52-Week High Amid Broader Market Decline
CreditAccess Grameen's stock reached a new 52-week high of Rs. 1388.45, demonstrating strong performance despite a broader market decline. The company has shown an upward trend, gaining 8.47% in two days, and has outperformed the Sensex over the past year, indicating significant recovery and growth.
CreditAccess Grameen has made headlines today as its stock price reached a new 52-week high of Rs. 1388.45, marking a significant milestone for the large-cap finance company. This achievement comes amid a broader market context where the Sensex experienced a decline of 0.21%, falling by 230.03 points to close at 82,549.92. Despite the overall market downturn, CreditAccess Grameen outperformed its sector by 2.47%, showcasing its resilience.The stock has shown a strong upward trend, gaining 8.47% over the past two days, indicating a positive momentum. Today's trading session was marked by high volatility, with an intraday fluctuation of 12.35%. Notably, CreditAccess Grameen is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a robust performance relative to its historical price trends.
In the past year, CreditAccess Grameen has delivered a return of 6.57%, outperforming the Sensex, which recorded a return of 3.05%. The stock's 52-week low stands at Rs. 750.05, highlighting its significant recovery and growth in recent months.
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