L G Balakrishnan & Bros Ltd's Stock Gains 7.63%, Receives 'Buy' Call from MarketsMOJO

L G Balakrishnan & Bros Ltd, a leading player in the industrial equipment industry, has been making waves in the stock market with its recent performance. On September 2nd, the company's stock gained 7.63%, closing at Rs 1480.75. This positive trend has been noticed by MarketsMOJO, a leading stock analysis platform, which has given a 'Buy' call for the stock.

The stock is also a part of MOJO Stocks on MarketsMOJO since August 30th, indicating its strong potential for growth. It is currently trading close to its 52-week high of Rs 1524.6, with a difference of only 2.64%. This shows the company's consistent performance and potential for further growth.

In today's trading session, L G Balakrishnan & Bros opened with a gain of 2.54%, touching an intraday high of Rs 1485.35, which is an 8.02% increase from its previous close. The stock has been on a consecutive gaining streak for the last 6 days, with a total return of 15.5% in this period. This is a strong indication of the company's positive momentum and investor confidence.

L G Balakrishnan & Bros is also trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which further reinforces its strong performance in the market.

In comparison to the Sensex, L G Balakrishnan & Bros has outperformed with a 1-day performance of 7.65% compared to Sensex's 0.32%. In the last month, the company has also outperformed the Sensex with a 8.47% return compared to Sensex's 2.03%.

With its consistent performance and strong potential for growth, L G Balakrishnan & Bros is definitely a stock to watch out for in the industrial equipment industry. Investors can take advantage of this positive trend and consider adding this stock to their portfolio.