Hind Rectifiers Opens Strong with 7.98% Gain, Outpacing Sector Performance

Hind Rectifiers, a small-cap player in the electronics components industry, has shown significant activity today, opening with a gain of 7.98%. The stock's performance has outpaced its sector by 2.79%, reflecting a strong intraday movement that saw it reach a high of Rs 963.1.
In terms of recent performance metrics, Hind Rectifiers has delivered a 4.04% increase over the past day, compared to a 1.64% rise in the Sensex. Over the past month, the stock has risen by 6.67%, while the Sensex has only increased by 1.29%.

From a technical perspective, the stock's moving averages indicate a mixed trend; it is currently above the 20-day moving average but below the 5-day, 50-day, 100-day, and 200-day averages. The MACD shows a bearish trend on a weekly basis, while the monthly outlook is mildly bearish. Additionally, the stock has a beta of 1.35, suggesting it is more volatile than the market, typically experiencing larger price swings. Hind Rectifiers remains part of the Reliable Performers category on MarketsMOJO as of October 31, 2024.