Mangalam Cement Reaches All-Time High, Outperforms Sector and Sensex

Mangalam Cement, a smallcap company in the cement industry, has recently reached an all-time high price of Rs. 1064.9 on September 2nd, 2024. This has caught the attention of investors and market analysts, with MarketsMOJO giving a 'Hold' call for the stock.

The stock has shown strong performance today, outperforming the sector by 2.67%. It reached an intraday high of Rs. 1064.9, showing a 4.48% increase. However, it has also been highly volatile, with an intraday volatility of 138.35% calculated from the weighted average price.

Mangalam Cement's moving averages also indicate a positive trend, with the stock trading higher than the 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This suggests a bullish sentiment in the market for the company.

In the past year, Mangalam Cement has shown an impressive performance of 199.49%, outperforming the Sensex's performance of 26.23%. This further highlights the company's strong growth potential and positive outlook in the cement industry.

Overall, Mangalam Cement's recent all-time high price and strong performance make it a company to watch in the smallcap cement industry. Investors and market analysts may want to keep an eye on this stock for potential future growth.