Mangalam Cement Soars 7.14%, Hits Intraday High of Rs 820.65

Mangalam Cement has shown significant activity today, gaining 7.14% and reaching an intraday high of Rs 820.65, reflecting a 7.41% increase. This performance marks a notable outperformance against the sector, exceeding it by 7.2%. The stock has been on a positive trajectory, achieving consecutive gains over the last three days, with a total return of 9.65% during this period.
In terms of moving averages, Mangalam Cement is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. Over the past month, the stock has risen by 10.27%, significantly outperforming the Sensex, which has gained 3.65% in the same timeframe.

Despite a year-to-date decline of 18.13%, Mangalam Cement has demonstrated resilience with impressive long-term performance metrics, including a 307.37% increase over the past five years. As the broader market, represented by the Sensex, continues to show bullish trends, Mangalam Cement's recent activity highlights its position within the cement and cement products industry.