Madhav Marbles & Granites Ltd. Outperforms Sector with 52-Week High Stock Price

Jan 09 2024 10:51 AM IST
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Madhav Marbles & Granites Ltd., a microcap company in the ceramics and allied industry, has been gaining attention in the stock market. On January 9, 2024, the stock hit a 52-week high of Rs.92, outperforming the sector by 3.19%. With a consecutive gain and a 42.38% increase in the last 3 days, the company's stock is currently trading higher than its moving averages, indicating strong performance.

Madhav Marbles & Granites Ltd., a microcap company in the ceramics and allied industry, has been making headlines in the stock market recently. On January 9, 2024, the company's stock price hit a 52-week high of Rs.92, outperforming the sector by 3.19%. This marks a consecutive gain for the company, with a 42.38% increase in the last 3 days.

The stock opened with a gain of 2% today and reached an intraday high of Rs.92, showing high volatility with an intraday range of 5.11%. This is calculated from the weighted average price, indicating a significant movement in the stock price.

Madhav Marbles & Granites Ltd. is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which is a positive sign for investors. The company's performance in the past year has been impressive, with a 91.38% increase compared to the Sensex's 18.44% performance.

Despite being a microcap company, Madhav Marbles & Granites Ltd. has shown strong growth and potential in the ceramics and allied industry. Investors should keep an eye on this company as it continues to make strides in the stock market. This is not a recommendation to buy or sell the stock, but rather a fact-based update on the company's recent performance.
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