Macrotech Developers' Stock Hits 52-Week High, Outperforms Sector and Sensex
Macrotech Developers, a leading real estate company in India, has seen a 4.36% increase in its stock price on June 13th, 2024, reaching a new 52-week high of Rs. 1551. The stock has outperformed the sector by 2.57% and has a 'Hold' call from MarketsMojo. It has also shown a strong performance compared to the Sensex in the past month.
Macrotech Developers, a leading real estate company in India, has seen a positive growth in its stock price on June 13th, 2024. The stock has gained 4.36% and is currently trading at Rs. 1551, hitting a new 52-week high. This performance has outperformed the sector by 2.57%.
According to MarketsMOJO, a leading stock market analysis platform, the stock call for Macrotech Developers is 'Hold'. This indicates a neutral stance on the stock, without any recommendation to buy or sell.
The stock has also shown a strong performance in comparison to the Sensex, with a 1-day performance of 3.81% as opposed to the Sensex's 0.40%. In the past month, the stock has seen a growth of 33.32%, while the Sensex has grown by 5.69%.
Macrotech Developers is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in its stock price.
As a largecap company in the real estate industry, Macrotech Developers has shown a strong performance in the stock market. Investors can keep a close eye on the company's future developments and performance.
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