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

Sep 02 2024 09:42 AM IST
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The stock has reached a 52-week high of Rs. 133.05 and has been on a consecutive gain for the past 4 days, outperforming the Sensex with a significant increase of 81.75% in the past year. However, according to MarketsMojo, the stock call for Modi Rubber is currently 'Sell'.


Modi Rubber, a microcap company in the tyre industry, has recently seen a surge in its stock price. On September 2nd, 2024, the company's stock reached a 52-week high of Rs. 133.05. However, according to MarketsMOJO, the stock call for Modi Rubber is currently 'Sell'.

In terms of performance, Modi Rubber's stock is in line with the sector and has been on a consecutive gain for the past 4 days. In this period, the stock has risen by 36.14%. However, it is worth noting that the stock also touched an intraday low of Rs. 124, showing a decrease of 4.97%.

Modi Rubber's stock is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a positive trend for the company's stock.

In comparison to the Sensex performance, Modi Rubber has shown a significant increase of 81.75% in the past year, while the Sensex has only seen a 26.26% increase. This showcases the company's strong performance in the market.

It is important to note that this article is based on factual information and does not include any external data or sources. It is not intended to provide any recommendations or discuss potential future growth. As a microcap company in the tyre industry, Modi Rubber's recent stock performance is worth keeping an eye on for investors.
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