Mallcom (India) Reaches New Milestone with 52-Week High Stock Price

Sep 17 2024 09:36 AM IST
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Mallcom (India), a microcap company in the miscellaneous industry, has reached a new milestone with its stock price hitting a 52-week high of Rs.1574.15 on September 17, 2024. This is a significant achievement, outperforming the sector by 10.39% and receiving a 'Hold' rating from MarketsMojo. The stock also showed high volatility and is currently trading above its moving averages, indicating a positive trend.

Mallcom (India), a microcap company in the miscellaneous industry, has recently reached a new milestone with its stock price hitting a 52-week high of Rs.1574.15 on September 17, 2024. This has been a significant achievement for the company, as it has outperformed the sector by 10.39% on the same day.

According to MarketsMOJO, a leading stock market analysis and research platform, the current stock call for Mallcom (India) is 'Hold'. This is based on the company's strong performance in the past year, with a 49.91% increase in stock price compared to the Sensex's 22.26% performance.

On the day of the new 52-week high, Mallcom (India) also saw a trend reversal, gaining after two consecutive days of falling stock prices. The stock opened with a gap up of 4.5% and reached an intraday high of Rs.1574.15, showing high volatility with an intraday range of 5.06%.

In addition, Mallcom (India) is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend for the company's stock.

This achievement is a testament to Mallcom (India)'s strong performance and growth in the past year. As a microcap company in the miscellaneous industry, Mallcom (India) has shown promising potential and continues to be a strong player in the market.
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