Great Eastern Shipping Co. Ltd. Hits 52-Week High, Outperforms Sector with Strong Performance
Great Eastern Shipping Company Ltd, a midcap shipping company, reached a new milestone on July 8th, 2024 as its stock price hit a 52-week high of Rs. 1395.6. The stock has been performing well since May 10th, 2024, outperforming the sector by 7.66% and showing high volatility with an intraday volatility of 31.06%. It is currently trading above its moving averages and has shown a remarkable performance of 90.83% in the past year. MarketsMojo recommends holding the stock for potential opportunities in the future.
Great Eastern Shipping Company Ltd, a midcap shipping company, has reached a new milestone as its stock price touched a 52-week high on July 8th, 2024. The stock, which is currently part of the Hidden Turnaround list on MarketsMOJO, has been performing well in the market since May 10th, 2024.
On July 8th, the stock opened with a gain of 3.34% and reached an intraday high of Rs. 1395.6, which is also an all-time high for the company. It has outperformed the sector by 7.66% and has been gaining for the last four days, with a return of 14.38% in this period. The stock has also shown high volatility today, with an intraday volatility of 31.06%.
Great Eastern Shipping Company Ltd is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in the market. In the past year, the company's stock has shown a remarkable performance of 90.83%, while the Sensex has only grown by 22.52%.
As a midcap shipping company, Great Eastern Shipping Company Ltd has proven its potential in the market and continues to show promising growth. With its recent achievements and strong performance, the stock is currently recommended as a 'Hold' by MarketsMOJO. Investors can keep an eye on this stock for potential opportunities in the future.
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