Indian Metals & Ferro Alloys Hits New 52-Week High of Rs. 1375
Indian Metals & Ferro Alloys has achieved a new 52-week high of Rs. 1375, reflecting strong performance in the ferrous metals sector. The stock has gained 20.96% over the past three days and has significantly outperformed the broader market, showcasing a robust recovery from its previous low of Rs. 550.85.
Indian Metals & Ferro Alloys has reached a significant milestone by hitting a new 52-week high of Rs. 1375 today, marking a notable achievement for the small-cap company in the ferrous metals industry. This new high reflects a robust performance, as the stock has outperformed its sector by 1.08% and has shown a remarkable increase of 20.96% over the last three days.The stock's intraday high of Rs. 1375 represents a 4.1% gain for the day, indicating strong momentum. Additionally, Indian Metals & Ferro Alloys is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a positive trend in its price action.
In the broader market context, the Sensex experienced a sharp reversal after a positive opening, currently trading at 83,197.60, down 0.4%. Despite this, Indian Metals & Ferro Alloys has demonstrated impressive performance over the past year, with a return of 78.95%, significantly outpacing the Sensex's 4.66% gain during the same period. The stock's 52-week low was recorded at Rs. 550.85, highlighting its substantial recovery and growth trajectory.
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