Margo Finance Achieves 52-Week High with 240% Annual Growth

Margo Finance, a microcap player in the finance and non-banking financial company (NBFC) sector, has recently reached a significant milestone by hitting a new 52-week high of Rs. 141.82 on December 27, 2024. This achievement marks a notable performance, as the stock has outperformed its sector by 4.73% today alone.
The stock has demonstrated impressive momentum, gaining consecutively for the past 12 days and delivering a remarkable 88.49% return during this period. It opened with a 5% gain today, reflecting strong market activity. Throughout the trading session, Margo Finance maintained its price at Rs. 141.82, reaching an intraday high of the same value.

In terms of moving averages, Margo Finance is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a robust upward trend. Over the past year, the company has achieved a staggering 240.10% increase in stock value, significantly outpacing the Sensex, which recorded a growth of 9.33%. This performance underscores Margo Finance's strong position within the financial sector.