Eveready Industries India Hits 52-Week High, Gains Momentum in Battery Industry
Eveready Industries India, a leading battery company, reached a 52-week high on August 22, 2024. Its stock has been recommended as a 'Buy' by MarketsMojo and is part of their Hidden Turnaround list since August 14, 2023. The stock has been performing well, hitting a new all-time high of Rs. 489.75 and outperforming the sector by 2.47%. It has also shown consecutive gains for the last 3 days, with a 4.79% increase. The company's stock is currently trading above its moving averages, indicating a positive trend. Despite slightly lower performance compared to the Sensex, Eveready Industries India's consistent growth and strong presence in the battery industry make it a promising investment option.
Eveready Industries India, a leading player in the battery industry, has recently hit a 52-week high on August 22, 2024. This smallcap company has been gaining momentum in the market, with its stock being recommended as a 'Buy' by MarketsMOJO. In fact, it is also a part of the Hidden Turnaround list on MarketsMOJO since August 14, 2023.
The stock has been performing exceptionally well, with its price hitting a new 52-week and all-time high of Rs. 489.75 today. It has also outperformed the sector by 2.47% and has been on a consecutive gain for the last 3 days, with a 4.79% increase in returns during this period. The stock's intraday high was Rs. 489.75, showing a 3.77% increase.
Eveready Industries India 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 market. In the past year, the company's performance has been impressive, with a 17.48% increase, although it is slightly lower than the Sensex's performance of 24.28%.
With its strong presence in the battery industry and a recent surge in its stock price, Eveready Industries India is definitely a company to watch out for. Its consistent growth and positive performance make it a promising investment option for investors.
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