Harrisons Malayalam Stock Reaches All-Time High, Rated as 'Sell' by MarketsMOJO

Oct 19 2024 09:20 AM IST
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Harrisons Malayalam, a microcap company in the tea/coffee industry, has seen its stock price reach an all-time high on October 19, 2024. According to MarketsMojo, the stock is currently rated as a 'Sell'. However, the stock has been on a positive streak, outperforming the sector and trading above its moving averages, indicating a strong upward trend. Investors should do thorough research before making any investment decisions.

Harrisons Malayalam, a microcap company in the tea/coffee industry, has recently seen its stock price reach an all-time high on October 19, 2024. According to MarketsMOJO, a leading stock market analysis platform, the stock is currently rated as a 'Sell'.

The stock has been on a positive streak, gaining for the last 5 consecutive days and outperforming the sector by 1.91%. Today, it hit a new 52-week high of Rs.300.7. The stock has also been trading in a narrow range of just Rs.1, indicating stability in its price.

In terms of moving averages, Harrisons Malayalam is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This suggests a strong upward trend in the stock's performance.

When compared to the overall market performance, Harrisons Malayalam has shown an impressive 1-year return of 95.77%, while the Sensex has only seen a 23.30% increase. This showcases the company's strong performance and potential for growth in the tea/coffee industry.

Investors should keep an eye on Harrisons Malayalam as it continues to make strides in the market. However, it is important to note that MarketsMOJO has rated the stock as a 'Sell', so it is advisable to do thorough research and consult with a financial advisor before making any investment decisions.
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