Mangalam Cement Surges 8.08%, Outperforming Sector with Strong Upward Trend

Dec 27 2024 02:05 PM IST
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Mangalam Cement has recently seen a revision in its score, reflecting its strong performance metrics and market position. The stock has consistently outperformed its sector and is currently trading above key moving averages, indicating a robust upward trend. Additionally, it has been added to MarketsMojo's list, suggesting increased attention from analysts.
Mangalam Cement has shown notable performance in the stock market, gaining 8.08% on December 27, 2024. This increase has allowed the company to outperform its sector by 6.9%. Over the past three days, the stock has demonstrated a consistent upward trend, accumulating a total return of 8.69%.

On this particular trading day, Mangalam Cement reached an intraday high of Rs 980, reflecting a rise of 6.69%. The company's stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong position in the market.

In terms of broader performance metrics, Mangalam Cement has outperformed the Sensex, achieving a 1-day performance of 8.65% compared to the Sensex's modest gain of 0.46%. Over the past month, the company has recorded a 16.53% increase, while the Sensex has declined by 1.75%. These figures highlight Mangalam Cement's robust performance amidst varying market conditions.
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