Godawari Power & Ispat Ltd's Stock Price Rises 5.13% in Line with Company's Performance
On October 30, 2024, Godawari Power & Ispat Ltd's stock price rose by 5.13%, in line with the company's overall performance. The stock reached an intraday high of Rs 182.1, outperforming the sector by 4.81%. Despite a recent decline, the midcap company remains a strong player in the steel/sponge iron/pig iron industry.
Godawari Power & Ispat Ltd, a midcap company in the steel/sponge iron/pig iron industry, saw a 5.13% increase in its stock price on October 30, 2024. This rise in stock price was in line with the overall performance of the company, as it outperformed the sector by 4.81%.
The stock of Godawari Power & Ispat Ltd reached an intraday high of Rs 182.1, a 5.02% increase from the previous day. However, the stock's moving averages show a mixed trend, with it being higher than the 5-day moving average but lower than the 20-day, 50-day, 100-day, and 200-day moving averages.
In comparison to the Sensex, Godawari Power & Ispat Ltd's stock performance on the day was 7.99%, while the Sensex's performance was -0.53%. Over the past month, the company's stock has seen a decline of -15.71%, while the Sensex has seen a decline of -5.17%.
Despite the recent decline in stock price, Godawari Power & Ispat Ltd remains a strong player in the steel/sponge iron/pig iron industry. With its midcap size, the company has shown consistent growth and has the potential to continue its success in the future. Investors should keep an eye on this company as it continues to make strides in the industry.
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