Esab India's Stock Price Soars 5.14%, Outperforms Sector and Sensex

Esab India, a leading company in the electrodes and welding equipment industry, has seen a positive growth in its stock price on October 31, 2024. The stock has gained 5.14% on this day, outperforming the sector by 3.76%. This is a consecutive gain for the company, as it has been rising for the last 2 days and has seen a 5.85% increase in returns during this period.

The stock also touched an intraday high of Rs 6375.35, showing a 5.23% increase. Esab India's performance is also reflected in its moving averages, as it is currently trading higher than its 5 day, 20 day, 50 day, 100 day, and 200 day moving averages.

In comparison to the Sensex, Esab India has outperformed with a 1 day performance of 5.14% while the Sensex has seen a -0.58% performance. Similarly, in the last 1 month, Esab India has shown a 2.06% growth while the Sensex has seen a -5.69% decline.

This positive growth in Esab India's stock price is a reflection of the company's strong performance in the electrodes and welding equipment industry. With its consistent gains and outperforming the sector and Sensex, Esab India continues to be a strong player in the midcap market.