MarketsMOJO Announces Revision in Evaluation for Mega Corporation Amid Strong Performance Metrics
Mega Corporation, a microcap in the finance and NBFC sector, has recently reached a new 52-week high, showcasing impressive performance with a significant return over the past 12 days. However, MarketsMojo has made an adjustment in its evaluation of the stock, reflecting a cautious stance for potential investors.
Mega Corporation, 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. 4.23. This achievement comes as the stock has demonstrated impressive performance, outpacing its sector by 4.58% today alone. The stock has been on a remarkable upward trajectory, recording consecutive gains for the past 12 days and delivering an impressive return of 75.63% during this period. Additionally, Mega Corporation is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong bullish trend.
In light of these developments, MarketsMOJO has made an adjustment in its evaluation of Mega Corporation, reflecting the stock's recent performance metrics. Notably, the company has also been added to MarketsMOJO's list, further highlighting its current market position. Over the past year, Mega Corporation has achieved a remarkable 185.57% return, significantly outperforming the Sensex, which recorded an 8.02% increase.
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