Meghna Infracon Reaches All-Time High, Signaling Strong Market Momentum

Meghna Infracon Infrastructure, a microcap player in the finance and non-banking financial company (NBFC) sector, has shown remarkable performance today, reaching an all-time high. The stock is currently just 1.77% away from its 52-week high of Rs 915.9, reflecting strong momentum in the market.
Today, Meghna Infracon outperformed its sector by 3.1%, with a notable intraday high of Rs 905, marking a 3.78% increase. Over the past two days, the stock has gained 3.34%, indicating a positive trend. In terms of moving averages, Meghna Infracon is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day averages, suggesting a robust upward trajectory.

In terms of performance metrics, the stock has delivered impressive returns across various time frames. Over the past year, it has surged by 226.60%, significantly outperforming the Sensex, which has risen by only 7.55%. Year-to-date, Meghna Infracon has achieved a 26.53% increase compared to the Sensex's 2.77%. Over three years, the stock has skyrocketed by 5064.68%, and over five years, it has soared by 6315.85%.