Hariom Pipe Industries' Stock Reaches All-Time High, But MarketsMOJO Issues Sell Call

Hariom Pipe Industries, a smallcap company in the iron and steel industry, has recently seen a surge in its stock price. On July 15, 2024, the company's stock reached an all-time high, according to data from MarketsMOJO.

Despite this, MarketsMOJO has given a "Sell" call for the stock. Currently, the stock is 1.23% away from its 52-week high of Rs 740. However, it has outperformed the sector by 16.93% and has been gaining for the last 5 days, with a 27.64% increase in returns during this period.

The stock has shown high volatility today, with an intraday volatility of 11.59%. It reached an intraday high of Rs 731, a 16.79% increase, and an intraday low of Rs 608.3, a -2.81% decrease. This volatility is calculated from the weighted average price.

Hariom Pipe Industries is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a positive trend for the stock.

In comparison to the Sensex performance of 22.16%, Hariom Pipe Industries has shown a 14.91% increase in the last year. However, MarketsMOJO's "Sell" call suggests caution for potential investors.

Overall, Hariom Pipe Industries has seen a recent surge in its stock price, but with a "Sell" call from MarketsMOJO and high volatility, investors should carefully consider their options before making any decisions.