IMFA's Stock Gains 8.98% and Recommended as 'Hold' by MarketsMOJO

Nov 08 2024 10:20 AM IST
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IMFA, a smallcap company in the ferro and silica manganese industry, gained 8.98% on November 8, 2024 and has been recommended as a 'Hold' by MarketsMojo. It has outperformed its sector by 6.55% and has been on a consecutive gain for the last 4 days. IMFA also has a positive trend and a high dividend yield of 4.15%.

Indian Metals & Ferro Alloys Ltd (IMFA) has shown a strong performance in the stock market, gaining 8.98% on November 8, 2024. This smallcap company, which operates in the ferro and silica manganese industry, has been recommended as a 'Hold' by MarketsMOJO.

In terms of price performance, IMFA has outperformed its sector by 6.55% today. The stock has been on a consecutive gain for the last 4 days, with a total rise of 16.85% during this period. It also touched an intraday high of Rs 779.8, showing a 7.86% increase.

IMFA 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. In the ferro and silica manganese sector, IMFA has gained by 3.96%.

Investors can also benefit from a high dividend yield of 4.15% at the current price. In comparison to the Sensex, IMFA has shown a strong performance, with a 1-day performance of 8.04% compared to Sensex's 0.07% and a 1-month performance of 12.93% compared to Sensex's -2.49%.

Overall, IMFA has shown a strong performance in the stock market and is recommended as a 'Hold' by MarketsMOJO. With its positive price performance and high dividend yield, IMFA is a company to watch out for in the ferro and silica manganese industry.
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