Mangal Credit & Fincorp Ltd's Stock Reaches 52-Week High, Shows Steady Growth in Finance Sector

Aug 14 2024 02:35 PM IST
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Mangal Credit & Fincorp Ltd, a microcap finance company, saw its stock price reach a 52-week high on August 14, 2024. The stock has been given a 'Hold' rating by MarketsMojo and has outperformed the sector by 4.44%. Its moving averages show a positive trend and it has shown a growth of 18.59% in the past year.

Mangal Credit & Fincorp Ltd, a microcap finance company, saw its stock price reach a 52-week high on August 14, 2024. The stock, which is currently trading at Rs.130, has been given a 'Hold' rating by MarketsMOJO.

In today's trading session, the stock has outperformed the sector by 4.44% and has shown a trend reversal after two consecutive days of falling. It opened with a gain of 3.39% and touched an intraday high of Rs.130, which is a 10.26% increase from its previous closing price.

The stock's moving averages show a positive trend, with it being higher than the 50-day, 100-day, and 200-day moving averages. However, it is currently lower than the 5-day and 20-day moving averages.

In the past year, Mangal Credit & Fincorp Ltd has shown a growth of 18.59%, slightly lower than the Sensex's performance of 20.99%. This indicates a steady performance by the company in the finance/NBFC industry.

Mangal Credit & Fincorp Ltd is a microcap company, which means it has a small market capitalization. However, its recent performance and positive outlook make it a stock to watch out for in the finance sector. Investors are advised to hold onto their shares for now, as the company continues to show promising growth.
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