Greaves Cotton Hits All-Time High with 7.31% Gain Amid High Volatility

Dec 30 2024 01:20 PM IST
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Greaves Cotton Ltd. has been added to MarketsMojo's list following a recent adjustment in its evaluation. The stock has shown impressive performance, achieving a new all-time high and significantly outperforming its sector. With strong momentum reflected in its moving averages, Greaves Cotton continues to attract investor attention.
Greaves Cotton Ltd., a prominent player in the diesel engines sector, has demonstrated notable performance in the stock market recently. On December 30, 2024, the company's stock surged by 7.31%, reaching a new 52-week and all-time high of Rs. 293.4. This impressive gain comes as the stock outperformed its sector by 3.6%, reflecting its strong market position.

Over the past two days, Greaves Cotton has shown a remarkable upward trend, accumulating returns of 22.18%. The stock opened with a gain of 2.8% and experienced an intraday high of Rs. 293.4, marking a 4.1% increase. However, it also faced some volatility, with an intraday low of Rs. 271.2, resulting in a total intraday volatility of 5.41%.

In terms of moving averages, Greaves Cotton is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a strong short- to long-term performance. Over the past month, the stock has surged by 65.00%, significantly outperforming the Sensex, which declined by 1.45%.
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