Mehai Technology Achieves 52-Week High Amidst Sector Decline, Showcases Strong Annual Growth

Jan 13 2025 10:35 AM IST
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Mehai Technology has achieved a 52-week high of Rs. 340.1, outperforming its sector significantly. The stock has gained 51.29% over the past 21 days and shows strong momentum, trading above all key moving averages. Over the past year, it has increased by 1027.28%, highlighting its market strength.
Mehai Technology, a small-cap player in the electric equipment industry, has reached a significant milestone by hitting a 52-week high of Rs. 340.1 on January 13, 2025. The stock has demonstrated remarkable performance, outperforming its sector by 4.61% today. Over the past 21 days, Mehai Technology has achieved a substantial return of 51.29%, showcasing its strong momentum.

Currently, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a robust upward trend. This performance is particularly noteworthy given that the overall electric equipment sector has experienced a decline of 2.47%, highlighting Mehai Technology's resilience and growth potential.

In terms of annual performance, Mehai Technology has recorded an extraordinary increase of 1027.28% over the past year, significantly outpacing the Sensex's performance of 6.24%. This impressive growth underscores the company's strong market position and operational effectiveness in a challenging environment.
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