DCM Shriram Industries Reaches All-Time High, Continues Strong Performance in Sugar Industry

Feb 17 2024 09:20 AM IST
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DCM Shriram Industries, a smallcap company in the sugar industry, has reached an all-time high price of Rs.228 on February 17, 2024. Despite a -3.8% underperformance today, the stock has shown a strong 204.76% increase in the past year, outperforming the Sensex's 18.11% growth. The stock is currently trading above its moving averages, indicating a positive trend.

DCM Shriram Industries, a smallcap company in the sugar industry, has recently reached an all-time high price of Rs.228 on February 17, 2024. The stock has been given a 'Hold' call by MarketsMOJO and has been a part of their Hidden Turnaround list since May 26, 2023.

Despite underperforming the sector by -3.8% today, the stock has shown a strong performance in the past year with a 204.76% increase, compared to the Sensex's 18.11% growth. However, after three consecutive days of gains, the stock has seen a downward trend and touched an intraday low of Rs.213.45, a decrease of -4.6%.

DCM Shriram Industries is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in the stock's performance. As a smallcap company in the sugar industry, DCM Shriram Industries has shown promising growth in the past year and continues to be a strong player in the market.
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