MCX Hits 52-Week High, Named 'Strong Buy' by MarketsMOJO

Oct 29 2024 03:05 PM IST
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MCX, a leading finance and NBFC company in India, reached a 52-week high on October 29, 2024. Its stock has been given a 'Strong Buy' call by MarketsMojo and has been consistently performing well, outperforming the sector by 1.34%. With a positive trend and impressive 1-year return of 204.09%, MCX is a top pick for investors.

Multi Commodity Exchange of India (MCX), a leading finance and non-banking financial company (NBFC) in India, has recently hit a 52-week high on October 29, 2024. This is a significant milestone for the company, showcasing its strong performance and growth in the market.

According to MarketsMOJO, a leading stock analysis platform, MCX's stock has been given a 'Strong Buy' call, making it a top pick for investors. The stock has also been a part of the Reliable Performers and MOJO Stocks list on MarketsMOJO since August 8, 2024 and October 25, 2024 respectively.

On October 29, 2024, MCX's stock price reached an all-time high of Rs. 6811.05, outperforming the sector by 1.34%. The stock has been on a consecutive gain for the last two days, with a 5.07% increase in returns during this period. It also touched an intraday high of Rs. 6811.05, showing a 3.28% increase.

MCX's stock is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in the market. This is a good sign for investors, as it shows the company's stock is performing well and has a strong potential for growth.

In terms of overall performance, MCX has shown an impressive 1-year return of 204.09%, compared to the Sensex's performance of 25.99%. This further highlights the company's strong performance and potential for growth in the finance and NBFC industry.

With its recent 52-week high and positive performance, MCX is definitely a stock to watch out for in the largecap category. Investors can consider adding it to their portfolio for potential long-term gains.
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