Indo Rama Synthetics (India) Stock Sees Significant Increase, Outperforms Sector and Market

Sep 11 2024 11:05 AM IST
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Indo Rama Synthetics (India) stock has gained 8.46% on September 11, 2024, outperforming the textile sector by 7.54%. Despite high volatility, the stock is trading higher than its moving averages and has outperformed the Sensex by a significant margin. MarketsMojo has given a 'Strong Sell' call, but investors should conduct their own research before investing.

Indo Rama Synthetics (India), a smallcap company in the textile industry, has seen a significant increase in its stock price on September 11, 2024. The stock has gained 8.46%, outperforming the sector by 7.54%. This marks the second consecutive day of gains for the company, with a total increase of 10.75% in the past two days.

The stock also saw high volatility today, with an intraday volatility of 6.61%. This is calculated from the weighted average price, indicating a significant fluctuation in the stock's price throughout the day. However, despite this volatility, Indo Rama Synthetics (India) is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

In comparison to the overall market performance, Indo Rama Synthetics (India) has outperformed the Sensex by a significant margin. Its 1-day performance is 8.99% compared to the Sensex's 0.10%, and its 1-month performance is 14.71% compared to the Sensex's 2.89%.

MarketsMOJO has given a 'Strong Sell' call for Indo Rama Synthetics (India) stock, indicating a negative outlook for the company's future performance. However, it is important to note that this is a fact-based analysis and does not include any external data or sources. Investors are advised to conduct their own research and make informed decisions before investing in the stock.
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