Gujarat Apollo Industries' Stock Reaches All-Time High, Outperforms Sector

Gujarat Apollo Industries, a microcap company in the capital goods industry, has recently seen a surge in its stock price. On August 23, 2024, the company's stock reached an all-time high, according to data from MarketsMOJO.

Despite the recent high, MarketsMOJO has given a "Sell" call for Gujarat Apollo Industries. The stock is currently 1.94% away from its 52-week high of Rs 364.85. However, it has outperformed the sector by 4.74% today and has been on a consecutive gain for the last 3 days, with a 32.16% increase in returns during this period.

The stock opened today with a gain of 2.04% and touched an intraday high of Rs 364, which is a 6.76% increase. Additionally, Gujarat Apollo Industries is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

In terms of performance, Gujarat Apollo Industries has shown a significant increase of 60.82% in the last year, compared to the Sensex's performance of 23.83%. This indicates a strong performance by the company in the capital goods industry.

It is important to note that this article is based on factual data and does not include any external sources or opinions. As a microcap company, Gujarat Apollo Industries may have potential for growth in the future, but it is not recommended to make any investment decisions solely based on this information. Investors should conduct their own research and consult with a financial advisor before making any investment decisions.