Geojit Financial Services Stock Soars to New High, Outperforms Sector and Sensex

Geojit Financial Services, a smallcap company in the finance and NBFC industry, has seen a significant increase in its stock price on September 4th, 2024. The stock has gained 9.7% and is currently trading at a new 52-week and all-time high of Rs.169.85.

According to MarketsMOJO, a leading stock market analysis and research platform, the stock has been given a 'Hold' rating. Geojit Financial Services has outperformed the sector by 7.71% and has been on a consecutive gain for the last 4 days, with a total return of 31.44% in this period. The stock also touched an intraday high of Rs.169.85, showing a strong performance.

Geojit Financial Services is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in the stock's performance. In comparison to the Sensex, the stock has outperformed with a 1-day performance of 9.54% versus the Sensex's -0.34% performance. In the last month, Geojit Financial Services has shown a strong growth of 56.05%, while the Sensex has only grown by 1.60%.

This positive performance of Geojit Financial Services can be attributed to its strong financial services and NBFC business, which has been able to withstand market fluctuations and show consistent growth. Investors can continue to hold onto their stocks in Geojit Financial Services, as it shows promising potential for future growth in the finance and NBFC industry.