Indostar Capital Finance's Stock Surges 8.23% and Hits New 52-Week High on NSE

Sep 20 2024 11:15 AM IST
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Indostar Capital Finance, a smallcap finance company listed on NSE, has seen a consecutive rise in its stock in the past two days, with a gain of 12.4%. Today, the stock opened with a gap up of 8.23% and reached an intraday high of Rs.339.7. It is currently trading above its moving averages, but is rated as 'Sell' by MarketsMojo.

Indostar Capital Finance, a smallcap finance company, has been making headlines in the stock market recently. The company's stock, which is listed on the National Stock Exchange (NSE), opened today with a gain of 8.23%. This comes after the stock hit a new 52-week high of Rs.339.7, outperforming the sector by 4.68%.

In the past two days, Indostar Capital's stock has been on a consecutive rise, with a total gain of 12.4%. Today, the stock opened with a gap up of 8.23% and reached an intraday high of Rs.339.7, showing high volatility with an intraday volatility of 6.2%. This is calculated from the weighted average price.

Indostar Capital is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in the stock's performance. However, according to MarketsMOJO, the stock is currently rated as 'Sell'.

In comparison to the Sensex, Indostar Capital's stock has outperformed with a 1-day performance of 4.53% versus Sensex's 1.18%. In the past month, the stock has shown a strong performance of 12.85% compared to Sensex's 4.16%.

As a smallcap finance company, Indostar Capital's stock has been gaining attention from investors. However, it is important to note that this article is based on facts and does not include any external data or sources. It is always advisable to do thorough research and consult with a financial advisor before making any investment decisions.
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