Margo Finance Hits 52-Week High with 214.60% Annual Growth

Margo Finance, a microcap player in the finance and non-banking financial company (NBFC) sector, has recently achieved a significant milestone by reaching a new 52-week high of Rs. 128.64 on December 24, 2024. This surge marks a notable performance, as the stock has outperformed its sector by 4.93% today alone. Over the past ten days, Margo Finance has demonstrated impressive momentum, recording a remarkable 70.97% increase in returns. The stock opened with a gain of 5% today, reflecting strong market activity. Throughout the trading session, it maintained its opening price, reaching an intraday high of Rs. 128.64. 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, with a staggering 214.60% increase, significantly outpacing the Sensex, which has risen by 10.31% during the same period.