Maharashtra Scooters Achieves 52-Week High Amid Strong Market Performance
Maharashtra Scooters has achieved a new 52-week high of Rs. 15,799.95, following a strong performance that saw a 5.25% increase over three days. The stock is trading above key moving averages and has delivered a notable 65.75% return over the past year, significantly outperforming the Sensex.
Maharashtra Scooters has made headlines today as its stock price reached a new 52-week high of Rs. 15,799.95, marking a significant milestone for the midcap holding company. This achievement comes after a strong performance over the past three days, during which the stock has gained 5.25%, outperforming its sector by 1.31%. The stock's intraday high today was Rs. 15,799.95, reflecting a 3.43% increase. Notably, Maharashtra Scooters is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a robust upward trend in its price performance.
In the broader market context, the Sensex opened higher at 81,594.52, gaining 256.57 points (0.32%), although it is currently trading slightly lower at 81,526.63 (0.23%). The small-cap segment is leading the market, with the BSE Small Cap index up by 0.36%. Over the past year, Maharashtra Scooters has delivered impressive returns of 65.75%, significantly outpacing the Sensex's modest gain of 0.07%. The stock's 52-week low stands at Rs. 8,502, highlighting its remarkable recovery and growth trajectory.
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