Meghna Infracon Achieves 52-Week High Amid Strong Market Performance and Recovery

Meghna Infracon Infrastructure has made headlines today as its stock price reached a new 52-week high of Rs. 1069.9, marking a significant milestone for the small-cap company in the realty sector. This achievement comes after a robust performance over the past six days, during which the stock has gained 12.11%. Notably, Meghna Infracon has outperformed its sector by 3.12% today, reflecting its strong market position.
The stock's intraday high of Rs. 1069.9 represents a 5.02% increase, further solidifying its upward trend. Additionally, Meghna Infracon is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a sustained positive momentum.

In the broader market context, the Sensex has also shown resilience, climbing 238.45 points to reach 81,566.06, buoyed by a positive opening. The BSE Mid Cap index is leading the market with a gain of 0.58%. Over the past year, Meghna Infracon has delivered an impressive return of 250.13%, significantly outpacing the Sensex's 10.30% performance. The stock's 52-week low stands at Rs. 286, highlighting its remarkable recovery and growth trajectory.