Microcap Company Meghna Infracon Hits 52-Week High, Shows Strong Growth in Finance Industry

Nov 29 2024 09:35 AM IST
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Meghna Infracon Infrastructure Ltd, a microcap company in the finance/NBFC industry, has reached a 52-week high on November 29, 2024, trading at Rs. 663.2. The stock has shown a strong performance, outperforming the sector by 1.9% and trading above its moving averages. In the past year, it has grown by 188.01%, indicating potential for future growth.

Meghna Infracon Infrastructure Ltd, a microcap company in the finance/NBFC industry, has recently hit a 52-week high on November 29, 2024. The stock, which is currently trading at Rs. 663.2, has been given a 'Hold' call by MarketsMOJO.

The company's stock has shown a strong performance today, outperforming the sector by 1.9%. It opened with a gain of 2.23% and reached an intraday high of Rs. 663.2, which is 2.34% higher than the previous day's close. The stock has also traded in a narrow range of Rs. 0.7.

Meghna Infracon is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in the stock's performance.

In the past year, Meghna Infracon has shown a remarkable growth of 188.01%, while the Sensex has only grown by 18.62%. This shows the company's strong performance and potential for growth in the future.

Investors should keep an eye on Meghna Infracon Infrastructure Ltd as it continues to make strides in the finance/NBFC industry. With its recent 52-week high and positive performance, the company is definitely one to watch out for.
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