GSB Finance Reaches All-Time High with 250% Annual Return

Dec 24 2024 10:35 AM IST
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GSB Finance has recently been added to MarketsMojo's list following a revision in its score, reflecting its impressive performance and market position. The stock reached a new 52-week high, showcasing a strong upward trend and significant returns over the past year, despite the recent call changes from analysts.
GSB Finance, a microcap player in the finance and non-banking financial company (NBFC) sector, has recently reached a significant milestone by hitting a new 52-week high of Rs. 50.74 on December 24, 2024. This achievement marks a notable performance, as the stock has outperformed its sector by 1.87% on the same day.

The company has demonstrated remarkable momentum, with its stock gaining consistently for the past 17 days, resulting in an impressive return of 109.67% during this period. This upward trend is further supported by the fact that GSB Finance is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong short- and long-term performance.

Over the past year, GSB Finance has delivered a staggering return of 250.17%, significantly outpacing the Sensex, which has recorded a return of only 10.87%. This performance highlights GSB Finance's robust position within the finance sector, showcasing its ability to deliver substantial growth in a competitive market.
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