Jhaveri Credits & Capital Ltd's Stock Reaches All-Time High, Outperforms Sector and Sensex

Jhaveri Credits & Capital Ltd, a microcap finance company, has seen a surge in its stock price, reaching an all-time high on March 2nd, 2024. The stock has been performing well in the market, with a consecutive gain for the last 12 days and a 26.22% increase in returns during this period. Today, the stock has outperformed the sector by 1.49%, trading at Rs.527.3, which is also its new 52-week high.

According to MarketsMOJO, a leading stock analysis and recommendation platform, the stock call for Jhaveri Credits & Capital is 'Hold'. The company has been consistently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in its performance.

In the past year, Jhaveri Credits & Capital has shown an impressive growth of 1300.90%, outperforming the Sensex's performance of 24.42%. This showcases the company's strong financials and potential for growth in the finance/NBFC industry.

As a microcap company, Jhaveri Credits & Capital has been able to achieve significant growth and establish itself as a strong player in the market. With its consistent performance and positive outlook, the company is poised for further success in the future.