Credo Brands Marketing Stock Shows Positive Trend, Outperforms Sector and Benchmark Index

Credo Brands Marketing, a smallcap company in the retailing industry, has seen a positive trend in its stock performance. On August 19, 2024, the company's stock gained 7.16%, outperforming the sector by 7.65%. The stock also reached an intraday high of Rs 187.05, showing a high volatility of 5.26%.

According to MarketsMOJO, a leading stock market analysis platform, the stock call for Credo Brands Marketing is 'Hold'. This suggests that investors should hold onto their current positions in the company's stock.

In terms of moving averages, Credo Brands Marketing's stock is currently higher than its 5-day, 20-day, 50-day, and 100-day moving averages. However, it is lower than its 200-day moving average.

Compared to the performance of the Sensex, India's benchmark stock market index, Credo Brands Marketing has outperformed with a 1-day performance of 7.19% while the Sensex only saw a 0.01% increase. In the past month, the company's stock has also outperformed the Sensex with a 14.18% increase compared to the Sensex's -0.20% performance.

Overall, Credo Brands Marketing's stock has shown a positive trend and has outperformed the sector and the benchmark index. Investors are advised to hold onto their positions in the company's stock, according to MarketsMOJO.