Indian Metals & Ferro Alloys Hits New 52-Week High at Rs. 1385.95

Indian Metals & Ferro Alloys has reached a significant milestone by hitting a new 52-week high of Rs. 1385.95 today. This achievement marks a notable performance for the small-cap company in the ferrous metals industry, reflecting a strong upward trend in its stock price. Over the past four days, the stock has demonstrated impressive gains, rising 21.43%, and outperforming its sector by 1.02% today.
The stock's intraday performance saw a high of Rs. 1385.95, representing a 3.06% increase, while it dipped to a low of Rs. 1305.25, down 2.94%. Notably, Indian Metals & Ferro Alloys is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a robust market position.

In the broader market context, the Sensex has also shown positive momentum, climbing 296.71 points to reach 84,535.57, just 0.89% shy of its own 52-week high. The overall market sentiment remains bullish, with mega-cap stocks leading the gains today. Over the past year, Indian Metals & Ferro Alloys has delivered an impressive return of 81.55%, significantly outpacing the Sensex's 7.43% performance.