DCM Shriram Ltd. Shows Strong Performance in Stock Market, Receives 'Hold' Call from MarketsMOJO

Aug 19 2024 03:30 PM IST
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DCM Shriram Ltd. has shown a positive trend in the stock market on August 19, 2024, with a 5.76% gain and closing at Rs 1135.75. The stock has outperformed its sector by 3.4% and is currently trading higher than its moving averages. In comparison to the Sensex, the stock has shown a better performance in the last 1 month.

DCM Shriram Ltd., a midcap diversified company, has shown a positive trend in the stock market on August 19, 2024. The stock has gained 5.76% and closed at Rs 1135.75. MarketsMOJO has given a 'Hold' call for the stock.

The stock is currently trading at a price that is 4.78% away from its 52-week high of Rs 1187. This shows a strong performance by the company in the market. In today's trading session, DCM Shriram has outperformed its sector by 3.4%, indicating a positive sentiment towards the stock.

DCM Shriram has been on a consecutive gaining streak for the last 2 days and has seen a rise of 4.48% in its returns during this period. The stock also touched an intraday high of Rs 1140, which is a 4.88% increase from its previous close.

The stock is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong uptrend in the market.

In comparison to the Sensex, DCM Shriram has shown a better performance with a 1-day return of 5.76% as compared to the Sensex's 0.02% return. In the last 1 month, the stock has outperformed the Sensex with a return of 18.11% as compared to the Sensex's -0.19% return.

Overall, DCM Shriram Ltd. has shown a positive trend in the stock market with a strong performance and a 'Hold' call by MarketsMOJO. Investors can keep an eye on this midcap diversified company for potential growth opportunities.
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