MarketsMOJO Adjusts Evaluation of Mega Corporation Amid Strong Performance and New Milestone

Jan 02 2025 09:35 AM IST
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Mega Corporation has recently been added to MarketsMojo's list following a revision in its score, reflecting its impressive performance metrics. The stock has reached a new 52-week high and has outperformed its sector significantly. Despite this, the company has received a 'Sell' call, prompting interest from investors.
Mega Corporation, a microcap player in the finance and non-banking financial company (NBFC) sector, has recently made headlines as its stock price reached a new 52-week high of Rs. 4.44. This milestone was achieved on January 2, 2025, marking a significant moment for the company.

In terms of performance, Mega Corporation has outperformed its sector by nearly 4.88% today, continuing a remarkable trend of consecutive gains over the past 13 days. During this period, the stock has delivered impressive returns of 84.36%.

Additionally, the stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward momentum. Over the past year, Mega Corporation has demonstrated exceptional growth, with a performance of 203.46%, significantly outpacing the Sensex, which recorded a gain of 9.39%.

In light of these developments, MarketsMOJO has made an adjustment in its evaluation of Mega Corporation, reflecting the stock's recent performance and market position.
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