Hind Rectifiers' Stock Hits All-Time High, Receives 'Buy' Call from MarketsMOJO

Aug 02 2024 09:20 AM IST
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Hind Rectifiers, a smallcap company in the electronics-components industry, has been gaining attention in the stock market with its recent performance. On August 2nd, the stock price reached an all-time high of Rs. 824.95, showing a consecutive gain for the last 2 days. The stock is currently trading above its moving averages and has seen a remarkable growth of 162.30% in the past year.

Hind Rectifiers, a smallcap company in the electronics-components industry, has been making waves in the stock market with its recent performance. On August 2nd, the company's stock price reached an all-time high, hitting Rs. 824.95. This has caught the attention of investors and analysts, with MarketsMOJO giving a 'Buy' call for the stock.

The stock has been on a consecutive gain for the last 2 days, with a 9.99% increase in returns during this period. It also opened with a gap up of 4.5% today and touched an intraday high of Rs. 824.95, outperforming the sector by 4.5%. The stock has been highly volatile today, with an intraday volatility of 5.11%.

Hind Rectifiers is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in the stock's performance. In the past year, the company's stock has shown an impressive growth of 162.30%, while the Sensex has only seen a 23.44% increase.

This strong performance by Hind Rectifiers is a testament to the company's potential and growth in the electronics-components industry. With its stock price reaching an all-time high and a 'Buy' call from MarketsMOJO, it is definitely a company to watch out for in the stock market.
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