Majestic Auto's Stock Reaches All-Time High, Recommended as 'Hold' by MarketsMOJO

Aug 26 2024 12:55 PM IST
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Majestic Auto, a microcap company in the miscellaneous industry, has reached an all-time high stock price on August 26, 2024. According to MarketsMojo, the current recommendation for Majestic Auto's stock is 'Hold'. The stock is currently trading close to its 52-week high and is outperforming the sector. It also offers a high dividend yield and has shown significant growth compared to the Sensex.

Majestic Auto, a microcap company in the miscellaneous industry, has recently seen its stock price reach an all-time high on August 26, 2024. According to MarketsMOJO, a leading stock market analysis and recommendation platform, the current call for Majestic Auto's stock is 'Hold'.

The stock is currently trading close to its 52-week high of Rs 419.05, with a performance today that has underperformed the sector by -0.36%. However, it did touch an intraday high of Rs 411, showing a 3.09% increase. Additionally, Majestic Auto is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

In terms of sector performance, Miscellaneous has gained by 2.82%, indicating a positive trend. Majestic Auto also offers a high dividend yield of 3.76% at its current price.

Looking at the company's performance over the past year, Majestic Auto has outperformed the Sensex by a significant margin, with a growth of 114.81% compared to Sensex's 25.94%.

Overall, Majestic Auto's stock is showing strong performance and is currently recommended as a 'Hold' by MarketsMOJO. With its consistent growth and high dividend yield, Majestic Auto is a promising company to watch in the miscellaneous industry.
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