Maharashtra Scooters' Stock Soars 7.64%, MarketsMOJO Gives 'Hold' Call

Maharashtra Scooters, a midcap company in the finance/NBFC industry, has seen a significant increase in its stock price on October 21, 2024. The stock has gained 7.64%, closing at Rs 12509.55. This performance has caught the attention of MarketsMOJO, who have given a 'Hold' call for the stock.

The stock is currently trading close to its 52-week high of Rs 12787.85, with a difference of only 3.08%. It has also outperformed the sector by 7.55% today. This is the second consecutive day of gains for Maharashtra Scooters, with a total increase of 12.16% in the past two days. The stock opened with a gap up of 4.97% today and reached an intraday high of Rs 12509.55, which is 8.4% higher than the previous day's close.

Maharashtra Scooters is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in the stock. In comparison to the Sensex, the stock has outperformed with a 1-day performance of 7.54% versus the Sensex's 0.02% performance. In the past month, Maharashtra Scooters has also outperformed the Sensex with a 3.03% increase, while the Sensex has seen a decline of -3.90%.

Overall, Maharashtra Scooters has shown strong performance in the past two days and is currently trading above its moving averages. With a 'Hold' call from MarketsMOJO, investors may want to keep an eye on this midcap company in the finance/NBFC industry.