DCM Shriram Industries' Stock Soars 8.24% in One Day, Outperforms Sector

Sep 23 2024 09:50 AM IST
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DCM Shriram Industries, a smallcap company in the sugar industry, saw a significant increase in its stock price on September 23, 2024, gaining 8.24% and outperforming the sector by 7.08%. This marks the second consecutive day of gains, with a total increase of 9.36% in the past two days. The stock is currently trading above its moving averages and has outperformed the Sensex in both 1-day and 1-month performance. MarketsMojo has given a 'Hold' call, indicating promising growth for the company in the sugar industry.

DCM Shriram Industries, a smallcap company in the sugar industry, has seen a significant increase in its stock price on September 23, 2024. The stock gained 8.24% on this day, outperforming the sector by 7.08%. This marks the second consecutive day of gains for the company, with a total increase of 9.36% in the past two days.

The stock also reached an intraday high of Rs 214.6, showing a rise of 8.55%. DCM Shriram Industries is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in its performance.

In comparison to the Sensex, DCM Shriram Industries has outperformed with a 1-day performance of 7.87% versus the Sensex's 0.28%. In the past month, the company's stock has also shown a higher performance of 6.04% compared to the Sensex's 4.56%.

MarketsMOJO has given a 'Hold' call for DCM Shriram Industries, suggesting that investors should hold onto their current positions in the company's stock. With these recent positive developments, DCM Shriram Industries continues to show promising growth in the sugar industry.
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