Garuda Construction and Engineering Ltd's Stock Soars 21.98% on Strong Financial Performance

Oct 15 2024 11:20 AM IST
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On October 15, 2024, Garuda Construction and Engineering Ltd, a smallcap company in the construction and engineering industry, saw a significant increase in its stock price, reaching a new 52-week and all-time high of Rs.120.73. The stock outperformed the Sensex and showed high volatility, possibly due to the company's strong financial performance and growth prospects.

Garuda Construction and Engineering Ltd, a smallcap company in the construction and engineering industry, saw a significant increase in its stock price on October 15, 2024. The stock gained 21.98% on this day, reaching a new 52-week and all-time high of Rs.120.73.

The stock opened with a gap up of 8.63% and continued to rise throughout the day, touching an intraday high of Rs.120.73, which is a 27.08% increase from its previous close. The stock also showed high volatility, with an intraday volatility of 9.24%, calculated from the weighted average price.

In comparison to the overall market performance, Garuda Construction and Engineering Ltd outperformed the Sensex on this day. While the company's stock saw a 22.64% increase, the Sensex only had a marginal decrease of 0.22%. Looking at the past month, Garuda Construction and Engineering Ltd's performance has been on par with the Sensex.

This positive movement in the stock price of Garuda Construction and Engineering Ltd could be attributed to the company's strong financial performance and growth prospects in the construction and engineering industry. As a smallcap company, Garuda Construction and Engineering Ltd has shown promising potential and investors may want to keep an eye on its future developments.
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