Gravita India Opens Strong with 4.82% Gain, Outpacing Sector Performance

Gravita India, a midcap player in the non-ferrous metal industry, has shown significant activity in today's trading session. The stock opened with a notable gain of 4.82%, reflecting a strong performance that outpaced its sector by 7.31%. Over the past two days, Gravita India has experienced a consecutive gain, accumulating a total return of 12.12%.
During intraday trading, the stock reached a high of Rs 1995, marking a 10.13% increase. In terms of performance metrics, Gravita India has outperformed the Sensex, with a one-day performance of 7.76% compared to the Sensex's 0.52%. Over the past month, the stock has delivered a return of 12.95%, while the Sensex has risen by 7.37%.

Technical indicators present a mixed picture, with moving averages showing the stock is above the 5-day, 20-day, 50-day, and 100-day averages, but below the 200-day average. Gravita India has a beta of 1.11, indicating that it tends to exhibit higher volatility compared to the broader market.