Indian Hume Pipe Company's Stock Surges 9.37% on Strong Market Performance

Indian Hume Pipe Company, a smallcap construction material company, saw a significant increase in its stock price on September 2nd, gaining 9.37%. The stock has been performing well in the past few days, with a consecutive gain for the last 2 days and a rise of 13.4% in that period. Today, the stock opened with a gap up of 11.15% and reached an intraday high of Rs 613.15, outperforming the sector by 7.34%.

This surge in stock price can be attributed to the company's strong performance in the market. Indian Hume Pipe Company has been trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. The stock has also shown high volatility today, with an intraday volatility of 64.42%.

In comparison to the Sensex, Indian Hume Pipe Company has outperformed with a 1-day performance of 8.87% versus Sensex's 0.27%. In the past month, the company's stock has also performed well, with a 1-month performance of 10.83% compared to Sensex's 1.99%.

MarketsMOJO has given a 'Hold' call for Indian Hume Pipe Company's stock, indicating that it is a good investment option for now. With the stock hitting a new 52-week high of Rs.613.15 today, investors can expect a positive outlook for the company in the near future.