Margo Finance Achieves Record High Stock Price Amidst Strong Performance Metrics

Dec 29 2024 09:20 AM IST
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Margo Finance has achieved an all-time high stock price of Rs. 141.82, reflecting a remarkable performance with a significant return over the past year. Following a recent adjustment in its evaluation, the stock has been added to MarketsMojo's list, highlighting its strong market position and consistent upward trajectory.
Margo Finance, a microcap player in the finance and non-banking financial company (NBFC) sector, has recently achieved a significant milestone by reaching an all-time high of Rs. 141.82 on December 29, 2024. This remarkable performance comes as the stock has consistently outperformed its sector, showing a gain of 5.13% today alone.

Over the past 12 days, Margo Finance has demonstrated impressive momentum, with returns soaring by 88.49%. The stock opened today with a notable gap up of 5%, reflecting strong market activity. Throughout the trading session, it maintained its position, hitting an intraday high of Rs. 141.82.

In terms of technical indicators, Margo Finance is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a robust upward trend. Over the past year, the company has delivered an exceptional performance, boasting a staggering 240.10% increase, significantly outpacing the Sensex, which recorded a gain of just 9.25%.
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