Federal-Mogul Goetze (India) Ltd's Stock Surges, Outperforms Sector and Shows Positive Trend

Jun 24 2024 02:35 PM IST
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Federal-Mogul Goetze (India) Ltd, a leading player in the auto ancillary industry, has seen a surge in its stock price, reaching a 52-week high of Rs. 458 on June 24th. The stock has outperformed the sector by 3.42% and is currently trading higher than its moving averages, indicating a positive trend. With a strong performance in the past year, the company is a promising investment opportunity.


Federal-Mogul Goetze (India) Ltd, a leading player in the auto ancillary industry, has recently seen a surge in its stock price. On June 24th, the company's stock touched a 52-week high of Rs. 458, showcasing a strong performance in the market. This has caught the attention of investors and analysts, with MarketsMOJO giving a 'Buy' call for the stock.

The stock has outperformed the sector by 3.42% and has shown a trend reversal after two consecutive days of fall. It also hit an intraday high of Rs. 458, a significant increase of 4.83%. The company's stock 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, Federal-Mogul Goetze (India) Ltd has shown a strong performance with a 21.09% increase in its stock price, compared to the Sensex's 22.70% performance. This showcases the company's resilience and ability to thrive in a competitive market.

With its strong presence in the auto ancillary industry and a positive trend in the market, Federal-Mogul Goetze (India) Ltd is definitely a stock to watch out for. Investors can take advantage of this opportunity and consider adding this stock to their portfolio.
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