Magadh Sugar & Energy Hits 52-Week High, Outperforms Sector and Sensex

Sep 25 2024 10:05 AM IST
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Magadh Sugar & Energy Ltd, a smallcap company in the sugar industry, reached a 52-week high on September 25th, 2024, with a stock price of Rs. 993.25. The stock has shown a positive trend, outperforming the sector by 3.03% and trading above its moving averages. In the past year, it has outperformed the Sensex, showcasing its growth potential. MarketsMojo suggests a 'Hold' position on the stock.

Magadh Sugar & Energy Ltd, a smallcap company in the sugar industry, has recently hit a 52-week high on September 25th, 2024. The stock has been given a 'Hold' call by MarketsMOJO, a leading financial analysis platform.

The stock price of Magadh Sugar & Energy reached a new high of Rs. 993.25, outperforming the sector by 3.03% on the same day. This marks a trend reversal for the stock, as it has gained after two consecutive days of falling.

Intraday, the stock touched a high of Rs. 993.25, showing a 6% increase. Magadh Sugar & Energy is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend.

In the past year, Magadh Sugar & Energy has shown a strong performance of 34.52%, outperforming the Sensex's performance of 28.66%. This showcases the company's growth and potential in the sugar industry.

With its recent 52-week high and positive performance, Magadh Sugar & Energy is a company to watch out for in the smallcap segment of the sugar industry. Investors can keep a 'Hold' position on the stock, as suggested by MarketsMOJO.
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