Ingersoll-Rand (India) Ltd's Stock Reaches All-Time High, Showcasing Strong Growth and Potential

May 16 2024 10:05 AM IST
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Ingersoll-Rand (India) Ltd, a top manufacturer of compressors and pumps, has been performing exceptionally well in the stock market. Its stock price reached an all-time high on May 16, 2024, and has consistently shown an upward trend. With positive outlook from experts and strong financials, the company is expected to continue its growth in the midcap industry.


Ingersoll-Rand (India) Ltd, a leading manufacturer of compressors and pumps, has been making waves in the stock market with its recent performance. On May 16, 2024, the company's stock price reached an all-time high, showcasing its strong growth and potential in the industry.

MarketsMOJO, a leading stock analysis platform, has given a 'Buy' call for Ingersoll-Rand (India) Ltd, further solidifying its positive outlook. The stock has also been a part of MOJO Stocks on MarketsMOJO since February 24, 2023, indicating its consistent performance and reliability.

Currently, the stock is trading at a price that is only 2.21% away from its 52-week high of Rs 4780, showcasing its strong upward trend. Despite underperforming the sector by -1.33% today, the stock has shown a trend reversal after two consecutive days of gains.

Ingersoll-Rand (India) Ltd's moving averages also paint a positive picture, with the stock trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a strong and consistent performance by the company in the market.

In the past year, Ingersoll-Rand (India) Ltd has outperformed the Sensex by a significant margin, with a 92.32% growth compared to the Sensex's 18.07% performance. This further highlights the company's strong financials and potential for growth.

With its recent all-time high and positive outlook from experts, Ingersoll-Rand (India) Ltd is definitely a stock to watch out for in the midcap industry. Investors can expect continued growth and success from this leading manufacturer in the coming years.
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