KCP . Cement Company Surges in Stock Market, Receives 'Strong Buy' Rating from MarketsMOJO

Jun 19 2024 02:20 PM IST
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KCP ., a smallcap cement company, has been making waves in the stock market with its recent surge in stock price. On June 19, 2024, the stock gained 7.13%, outperforming the sector by 7.22%. With consistent strong performance and positive indicators, MarketsMojo has given a 'Strong Buy' call for the stock.

KCP ., a smallcap cement company, has been making headlines in the stock market with its recent surge in stock price. On June 19, 2024, the company's stock gained 7.13%, outperforming the sector by 7.22%. This positive trend has caught the attention of investors and analysts, with MarketsMOJO giving a 'Strong Buy' call for the stock.

What's even more impressive is that KCP . has been a part of the Hidden Turnaround list on MarketsMOJO since November 10, 2023. This indicates that the company has been consistently performing well and has the potential for further growth.

On June 19, the stock touched an intraday high of Rs 240, a 7.31% increase from the previous day's close. This shows a strong upward momentum for the stock. Even the intraday low of Rs 218.75 was only a minor dip of 2.19%, indicating a stable performance.

KCP . is also trading higher than its 5 day, 20 day, 50 day, 100 day, and 200 day moving averages, which is a positive sign for investors. In comparison to the Sensex, the stock has outperformed with a 1 day performance of 6.77% and a 1 month performance of 41.22%.

With such strong performance and positive indicators, it's no surprise that MarketsMOJO has given a 'Strong Buy' call for KCP . stock. As a smallcap company in the cement industry, KCP . has shown great potential for growth and is definitely one to watch in the stock market.
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