Mardia Samyoung Stock Surges to New High Amid Broader Market Decline
Mardia Samyoung Capillary Tubes Company has reached a new 52-week high of Rs. 24.04, following a notable 137.55% increase in its stock price over the past ten days. The company is currently trading above all major moving averages, contrasting with a slight decline in the broader market.
Mardia Samyoung Capillary Tubes Company, a microcap player in the non-ferrous metals industry, has made headlines today as its stock price reached a new 52-week high of Rs. 24.04. This milestone comes after a remarkable performance, with the stock gaining 137.55% over the past ten days, significantly outperforming its sector by 1.9%. Currently, Mardia Samyoung is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend in its price action. In contrast, the broader market, represented by the Sensex, is experiencing a slight decline, trading at 83,419.96, down 0.03% after a flat opening. The Sensex remains close to its own 52-week high, just 3.07% away from the peak of 85,978.25.
Over the past year, Mardia Samyoung's performance has been stagnant at 0.00%, in comparison to the Sensex's growth of 4.31%. The stock's 52-week low stands at Rs. 2.27, highlighting the significant recovery it has achieved in recent weeks.
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