Microcap company SJ Corporation hits 52-week high, outperforms sector and Sensex

SJ Corporation, a microcap company in the jewellery industry, has recently reached a new milestone as its stock price hit a 52-week high on July 30, 2024. This news has caught the attention of investors and market analysts, with MarketsMOJO giving a 'Sell' call for the stock.

According to the price summary, SJ Corporation's stock reached a high of Rs.44.15 on the day, outperforming the sector by 1%. The stock has been on a consecutive gain for the past 2 days, with a 7.32% increase in returns during this period. However, it is worth noting that the stock did not trade for 3 days out of the last 20 days, indicating some erratic trading behavior.

On the day of the 52-week high, SJ Corporation's stock opened with a loss of -3%, but managed to touch an intraday high of Rs.44.15, a 2.67% increase from the previous day's close. The stock also touched an intraday low of Rs.41.71, showing some volatility in its trading.

In terms of moving averages, SJ Corporation is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in its stock price.

Looking at the performance of SJ Corporation over the past year, it has outperformed the Sensex by 34.47%, while the Sensex has only seen a 23.12% increase. This shows the company's strong performance and potential for growth in the future.

Overall, SJ Corporation's stock reaching a 52-week high is a positive sign for the company and its investors. However, it is important to note that this is not a recommendation to buy or sell the stock, and investors should do their own research before making any investment decisions.