Magadh Sugar & Energy's Stock Reaches All-Time High, Outperforms Sector and Market Index
Magadh Sugar & Energy Ltd, a smallcap company in the sugar industry, has reached an all-time high price of Rs.861.75 on August 22, 2024. According to MarketsMojo, the stock has outperformed the sector by 2.85% and has been on a consecutive gain for the last 5 days, with a 16.25% increase in returns. The stock is currently trading higher than its moving averages and has shown an impressive performance of 84.30% in the past year.
Magadh Sugar & Energy Ltd, a smallcap company in the sugar industry, has reached an all-time high price of Rs.861.75 on August 22, 2024. This has been a significant achievement for the company, which has been gaining momentum in the stock market.
According to MarketsMOJO, a leading stock market analysis and research platform, the current stock call for Magadh Sugar & Energy is 'Hold'. The stock has outperformed the sector by 2.85% and has been on a consecutive gain for the last 5 days, with a 16.25% increase in returns during this period. This shows a positive trend for the company's stock.
On August 22, the stock touched an intraday high of Rs.861.75, showing a 3.31% increase. The stock has also been highly volatile today, with an intraday volatility of 16.78%, calculated from the weighted average price. This indicates a high level of activity and interest in the stock.
Magadh Sugar & Energy is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a strong performance and positive sentiment for the company's stock.
In the past year, Magadh Sugar & Energy has shown an impressive performance of 84.30%, compared to the Sensex's performance of 24.30%. This further highlights the company's growth and potential in the sugar industry.
Overall, Magadh Sugar & Energy's stock has been on a positive trajectory, reaching an all-time high and outperforming the sector and market index. With a 'Hold' call from MarketsMOJO, the company's stock is definitely one to watch in the sugar industry.
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