Gujarat Industries Power Co's Stock Soars to New High, Outperforms Sector and Sensex
On June 18, 2024, Gujarat Industries Power Co, a smallcap company in the power industry, saw a 7.48% increase in its stock price, closing at Rs. 247.45, its new 52-week and all-time high. The stock has been on a 9-day gaining streak, outperforming the sector by 4.14%. It is currently trading above its moving averages and has shown a strong growth of 32.37% in the past month, making it a promising player in the smallcap segment.
Gujarat Industries Power Co, a smallcap company in the power industry, saw a significant increase in its stock price on June 18, 2024. The stock gained 7.48% and closed at Rs. 247.45, which is also its new 52-week and all-time high. This performance has been deemed as 'Hold' by MarketsMOJO.
The stock has been on a consecutive gaining streak for the past 9 days, with a total return of 36.79% in this period. It also opened with a gap up of 3.7% today and touched an intraday high of Rs. 247.45, outperforming the sector by 4.14%.
Gujarat Industries Power Co is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in its stock price.
In comparison to the Sensex, Gujarat Industries Power Co has outperformed with a 1-day performance of 7.48% versus the Sensex's 0.34%. In the past month, the company's stock has shown a strong growth of 32.37%, while the Sensex has only grown by 4.39%.
This impressive performance by Gujarat Industries Power Co is a testament to its strong position in the power industry and its ability to deliver consistent returns to its investors. With its stock price reaching new highs, the company is definitely one to watch out for in the smallcap segment.
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