Federal-Mogul Goetze (India) Approaches 52-Week High Amid Strong Market Performance

Federal-Mogul Goetze (India) has shown remarkable activity in the stock market today, reaching a notable milestone as it approaches its 52-week high. The stock is currently just 0.05% away from its peak of Rs 556.1, reflecting a strong performance that has outpaced its sector by 4.31%. After two consecutive days of decline, the stock has reversed its trend, opening with a gain of 2.37% and hitting an intraday high of Rs 555.8, marking a 4.98% increase.
In terms of moving averages, Federal-Mogul Goetze is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a robust upward momentum. Over the past year, the company has delivered a remarkable return of 24.58%, significantly outperforming the Sensex, which has only seen a 5.97% increase during the same period.

The company boasts a low debt-to-equity ratio and impressive operating profit growth of 39.79% annually. With a return on capital employed (ROCE) of 18.94% and cash reserves of Rs 610.17 crore, Federal-Mogul Goetze (India) is positioned strongly within the auto components and equipment industry.