Mangalam Cement Reaches All-Time High, Outperforms Sector in Today's Trading

Sep 02 2024 09:33 AM IST
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Mangalam Cement, a smallcap company in the cement industry, reached an all-time high price of Rs. 1064.9 on September 2nd, 2024. Despite high volatility, the stock has been trading above its moving averages, showcasing a positive trend. With a growth of 199.49% in the past year, the company has outperformed the Sensex. MarketsMojo has given a 'Hold' call, indicating a neutral stance on the company's future prospects.

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 been a significant milestone for the company, as it has outperformed the sector by 2.67% in today's trading session.

The stock has shown high volatility today, with an intraday volatility of 138.35%, calculated from the weighted average price. However, despite this volatility, Mangalam Cement has been trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in its performance.

In the past year, Mangalam Cement has shown an impressive growth of 199.49%, while the Sensex has only grown by 26.23%. This showcases the company's strong performance and potential for growth in the cement industry.

MarketsMOJO has given a 'Hold' call for Mangalam Cement's stock, indicating a neutral stance on the company's future prospects. This news is sure to be welcomed by investors and stakeholders of Mangalam Cement, as the company continues to make strides in the market.
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