Lloyds Engineering Works' Stock Reaches All-Time High, Listed as 'Buy' by MarketsMOJO

Lloyds Engineering Works, a midcap company in the iron and steel industry, has been making waves in the stock market with its recent performance. On April 29, 2024, the company's stock price reached an all-time high, signaling positive growth and potential for investors.

According to MarketsMOJO, a leading stock analysis platform, Lloyds Engineering Works' stock has been given a 'Buy' call. The company has also been listed as a part of the "Reliable Performers" category on MarketsMOJO since July 25, 2022.

The stock's price summary shows impressive numbers, with a new 52-week and all-time high of Rs. 69.1, outperforming the sector by 8.03%. The stock has also shown a trend reversal, gaining after two consecutive days of fall. Intraday, the stock reached a high of Rs. 69.1, showing a high volatility of 5.61%.

Lloyds Engineering Works' stock is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend.

In terms of performance, Lloyds Engineering Works has outshined the Sensex with a 1-year performance of 234.22% compared to Sensex's 21.23%. This further solidifies the company's position as a reliable and profitable investment option in the iron and steel industry.

With its recent all-time high and strong performance, Lloyds Engineering Works is definitely a company to watch out for in the stock market. Investors can consider adding this midcap company to their portfolio for potential growth and returns.