Mehai Technology Achieves Record Stock Price Amidst Sector Decline and Strong Performance

Jan 13 2025 10:25 AM IST
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Mehai Technology has achieved a record stock price of Rs. 340.1, reflecting a remarkable 1027.28% increase over the past year. The company has outperformed its sector significantly, with a 21-day streak of gains and strong performance relative to its historical price trends, amidst a sector decline.
Mehai Technology has reached an all-time high stock price of Rs. 340.1, marking a significant milestone for the small-cap company in the electric equipment industry. Over the past year, the stock has demonstrated remarkable performance, surging by 1027.28%, while the Sensex has only increased by 6.07% during the same timeframe.

Today, Mehai Technology's stock has outperformed its sector by 4.45%, continuing a strong upward trend with gains for the last 21 consecutive days, delivering returns of 51.29% over this period. The stock opened at Rs. 340.1 and has maintained this price throughout the trading session.

Furthermore, Mehai Technology is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a robust performance relative to its historical price trends. In contrast, the electric equipment sector has faced a decline of 2.48%, underscoring Mehai Technology's strong market position within the industry.
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