Modi Rubber's Stock Reaches 52-Week High, Outperforms Sector and Sensex

Sep 10 2024 09:36 AM IST
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Modi Rubber, a microcap company in the tyre and allied industry, has seen a surge in its stock price, reaching a 52-week high of Rs. 153.65 on September 10, 2024. The stock has outperformed the sector by 4.28% and has gained 21.94% in the last four days. It is currently trading higher than its moving averages and has shown a strong 1-year performance of 110.51% compared to the Sensex's 22.66% increase. This indicates the company's positive growth and potential in the market.

Modi Rubber, a microcap company in the tyre and allied industry, has recently seen a surge in its stock price. On September 10, 2024, the company's stock reached a 52-week high of Rs. 153.65. This has caught the attention of investors and market analysts, with MarketsMOJO giving a 'Sell' call for the stock.

The stock has been performing well, outperforming the sector by 4.28% and gaining for the last four consecutive days. In this period, it has seen a significant increase of 21.94% in returns. Today, the stock opened with a gain of 4.99% and touched an intraday high of Rs. 153.65.

It is worth noting that the stock has been consistently trading at its opening price of Rs. 153.65, indicating a strong hold in the market. Additionally, Modi Rubber is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, further showcasing its positive performance.

In comparison to the Sensex, Modi Rubber has shown an impressive 1-year performance of 110.51%, while the Sensex has only seen a 22.66% increase. This highlights the company's strong growth and potential in the market.

Overall, Modi Rubber's recent surge in stock price and consistent performance make it a company to watch out for in the tyre and allied industry. However, it is important to note that this is not a recommendation to buy or sell the stock, but rather a factual update on its current performance.
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