Mafatlal Industries' Stock Price Soars 9.62%, Outperforms Sector and Sensex
Mafatlal Industries, a smallcap textile company, has seen a 9.62% increase in its stock price on August 21, 2024, outperforming the sector by 8.32%. According to MarketsMojo, the current stock call is 'Hold' and it has been a part of Momentumnow Stocks since July 1, 2024. The stock has been on a consecutive gain for the last 3 days and is trading higher than its moving averages, indicating a positive trend. In comparison to the Sensex, Mafatlal Industries has also shown strong performance in the last month.
Mafatlal Industries, a smallcap textile company, has seen a significant increase in its stock price on August 21, 2024. The stock has gained 9.62% and is currently trading at Rs. 191.3. This performance has outperformed the sector by 8.32%, making it a top performer in the market.
According to MarketsMOJO, a leading stock analysis platform, the current stock call for Mafatlal Industries is 'Hold'. The stock has been a part of the Momentumnow Stocks on MarketsMOJO since July 1, 2024.
In terms of price performance, Mafatlal Industries has been on a consecutive gain for the last 3 days, with a rise of 11.93% in this period. The stock also touched an intraday high of Rs. 191.3, showing a strong upward trend.
Mafatlal Industries is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in the market.
In comparison to the Sensex, Mafatlal Industries has outperformed with a 1-day performance of 10.16% while the Sensex has shown a slight decline of -0.03%. In the last month, Mafatlal Industries has also outperformed the Sensex with a 1-month performance of 0.84% compared to the Sensex's 0.22% performance.
Overall, Mafatlal Industries has shown strong performance in the market, making it a top pick for investors. With its consistent gains and positive trend, the stock is definitely one to watch out for in the textile industry.
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