Eureka Forbes' Stock Price Hits New High, Outperforms Sector and Sensex

Eureka Forbes, a leading domestic appliances company, has seen a positive growth in its stock price on October 11, 2024. The stock has gained 5.62% and is currently trading at Rs.610.05, which is its new 52-week and all-time high. This performance has been deemed as 'Hold' by MarketsMOJO.

The company has outperformed the sector by 5.99% and has been on a consecutive gain for the last 4 days, with a total rise of 11.89% during this period. The stock also touched an intraday high of Rs.610.05, showing a 5.75% increase.

Eureka Forbes is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in its stock price.

In comparison to the Sensex performance, Eureka Forbes has shown a 1-day performance of 6.08% while the Sensex has only seen a 0.01% increase. Similarly, in the last 1 month, Eureka Forbes has outperformed the Sensex with a 21.06% rise compared to the Sensex's 0.12% increase.

This positive growth in Eureka Forbes' stock price can be attributed to the company's strong performance in the domestic appliances industry. With its new 52-week and all-time high, Eureka Forbes continues to be a promising midcap company in the market.