Indo Tech Transformers: Smallcap Company Shines with Record High Stock Price and Positive Growth

Indo Tech Transformers, a smallcap company in the capital goods industry, has been making waves in the stock market with its recent performance. On August 4th, the company's stock price reached an all-time high of Rs. 2343.15, breaking its previous 52-week high.

This impressive growth has caught the attention of MarketsMOJO, who have given the stock a 'Buy' call. The stock has also outperformed the sector by 6.78% and has been on a consecutive upward trend for the last 4 days, with a 18.73% increase in returns during this period.

Intraday trading saw the stock reach a high of Rs. 2343.15, a 5% increase from the previous day. This positive momentum is reflected in the stock's moving averages, as it is currently trading higher than the 5, 20, 50, 100, and 200 day moving averages.

In the past year, Indo Tech Transformers has shown an impressive growth of 389.28%, outperforming the Sensex's performance of 23.11%. This showcases the company's strong potential and growth in the capital goods industry.

Investors looking for a promising smallcap company with a strong track record and potential for growth should consider Indo Tech Transformers. With its recent all-time high and positive performance, the company is definitely one to watch in the stock market.