Jhaveri Credits & Capital Ltd's Stock Reaches All-Time High, Outperforms Sector by 2.55%

Jhaveri Credits & Capital Ltd, a microcap finance company, has been making waves in the stock market with its recent performance. On January 30th, 2024, the company's stock price reached an all-time high of Rs. 410.6, outperforming the sector by 2.55%. This marks the 15th consecutive day of gains for the stock, with a remarkable 50.96% increase in returns during this period.

The stock opened with a 2% gain today, touching an intraday high of Rs. 410.6. It has since maintained this price, showing no range in its trading. Jhaveri Credits & Capital Ltd is also trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend.

In comparison to the Sensex, Jhaveri Credits & Capital Ltd has shown an impressive 1-year performance of 3073.11%, while the Sensex has only grown by 20.67%. This showcases the company's strong growth potential and its ability to outperform the market.

MarketsMOJO has given a 'Sell' call for Jhaveri Credits & Capital Ltd, but the company's recent performance and strong financials make it a noteworthy player in the finance/NBFC industry. As a microcap company, Jhaveri Credits & Capital Ltd has shown promising growth and has caught the attention of investors. With its consistent upward trend and impressive returns, it will be interesting to see how the company continues to perform in the future.