Godawari Power & Ispat Ltd's Stock Performance Shines, Receives 'Buy' Call from MarketsMOJO

Sep 30 2024 11:50 AM IST
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Godawari Power & Ispat Ltd, a midcap company in the steel/sponge iron/pig iron industry, has gained attention for its recent stock performance. On September 30, 2024, the stock rose by 5.08%, outperforming the sector by 3.13%. With a strong upward trend and outperforming the Sensex, MarketsMojo has given a 'Buy' call for the stock.

Godawari Power & Ispat Ltd, a midcap company in the steel/sponge iron/pig iron industry, has been making headlines with its recent stock performance. On September 30, 2024, the company's stock gained 5.08%, outperforming the sector by 3.13%. This positive trend has caught the attention of MarketsMOJO, who have given a 'Buy' call for the stock.

The stock's price summary shows that it has been performing well in the market. It has gained after two consecutive days of fall and touched an intraday high of Rs 1112.7, a 5.32% increase. Additionally, Godawari Power is currently trading higher than its 5 day, 20 day, 50 day, 100 day, and 200 day moving averages, indicating a strong upward trend.

In comparison to the Sensex, Godawari Power has outperformed with a 1 day performance of 4.73% while the Sensex has seen a -1.19% performance. Over the past month, the company's stock has shown a 16.35% increase, while the Sensex has only seen a 2.66% increase.

This impressive performance by Godawari Power & Ispat Ltd is a testament to the company's strong position in the steel/sponge iron/pig iron industry. With its consistent growth and positive market performance, it is no surprise that MarketsMOJO has given a 'Buy' call for the stock. Investors can keep an eye on this midcap company as it continues to make strides in the market.
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