Mangalam Cement Hits 52-Week High, Outperforms Sensex with 199.84% Increase in Stock Price

Mangalam Cement, a smallcap company in the cement industry, has recently hit a 52-week high on August 30, 2024. The stock has been performing well in the market, with a 'Hold' call by MarketsMOJO.

On August 30, the stock reached a new high of Rs. 1056.9, which is also an all-time high for the company. Its performance today has been in line with the sector, and it has seen consecutive gains for the past 2 days, with a 4.65% increase in returns during this period.

The stock has shown high volatility today, with an intraday volatility of 17.82%, calculated from the weighted average price. However, Mangalam Cement is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

In the past year, Mangalam Cement has outperformed the Sensex with a 199.84% increase in its stock price, while the Sensex has only seen a 26.52% increase. This shows the strong performance of the company in the market.

Investors and experts are keeping a close eye on Mangalam Cement as it continues to show positive growth and reach new highs in the market. With its strong performance and potential for future growth, Mangalam Cement is definitely a company to watch in the cement industry.