Meghna Infracon Reaches 52-Week High Amid Strong Market Sentiment and Performance
Meghna Infracon Infrastructure has reached a new 52-week high of Rs. 929.55, reflecting strong performance in the finance and NBFC sector. The stock has gained 5.87% over four days and boasts a remarkable one-year increase of 234.50%, significantly outperforming the Sensex. The broader market also saw a rise.
Meghna Infracon Infrastructure, a microcap player in the finance and non-banking financial company (NBFC) sector, has made headlines today as its stock price reached a new 52-week high of Rs. 929.55. This milestone was achieved on May 2, 2025, marking a significant moment for the company. Over the past four days, the stock has shown a robust performance, gaining 5.87% and outperforming its sector by 0.73%.In terms of technical indicators, Meghna Infracon is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend. The company's impressive one-year performance stands at 234.50%, significantly outpacing the Sensex, which has recorded an 8.51% increase over the same period.
In the broader market, the Sensex experienced a notable rise of 0.87%, climbing 638.67 points to reach 80,938.86 after a flat opening. Mega-cap stocks are leading this upward movement, contributing to the overall positive sentiment in the market.
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