Magadh Sugar & Energy Ltd Hits 52-Week High, Outperforms Sector with Strong Growth

Aug 22 2024 09:37 AM IST
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Magadh Sugar & Energy Ltd, a smallcap company in the sugar industry, has reached a new milestone by touching a 52-week high on August 22, 2024. The stock has been performing well, outperforming the sector by 3.68% and showing a consecutive gain for the last 5 days with a 17.51% increase in returns. The company has also shown a strong performance in the past year, with a 84.50% increase, indicating potential for future growth.

Magadh Sugar & Energy Ltd, a smallcap company in the sugar industry, has recently reached a new milestone by touching a 52-week high on August 22, 2024. The stock has been performing well in the market, with a 'Hold' call by MarketsMOJO.

On August 22, the stock hit a new high of Rs. 874.1, outperforming the sector by 3.68%. It has also shown a consecutive gain for the last 5 days, with a 17.51% increase in returns during this period. The stock's intraday high was Rs. 874.1, a 4.8% increase from the previous day.

Magadh Sugar & Energy Ltd is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in the market. In the past year, the company has shown a strong performance with a 84.50% increase, while the Sensex has only seen a 24.38% growth.

As a smallcap company in the sugar industry, Magadh Sugar & Energy Ltd has shown promising growth and potential in the market. With its recent 52-week high and positive performance, the company is definitely one to watch out for in the future.
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