Nalin Lease Finance Hits 52-Week High, Outperforms Sector with Impressive Growth

Oct 14 2024 09:35 AM IST
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Nalin Lease Finance, a microcap finance company, has been performing well in the market with a 52-week high of Rs.86.29 on October 14, 2024. The stock has been on a consecutive gain for the last 4 days, outperforming the sector by 4.7%. It has also been trading higher than its moving averages, indicating a positive trend.

Nalin Lease Finance, a microcap finance company, has recently seen a surge in its stock price, hitting a 52-week high on October 14, 2024. The stock has been performing well in the market, with a 'Hold' call from MarketsMOJO.

On October 14, the stock reached a new 52-week and all-time high of Rs.86.29, outperforming the sector by 4.7%. It has also been on a consecutive gain for the last 4 days, with a 21.52% increase in returns during this period. The stock opened with a gain of 4.99% today and touched an intraday high of Rs.86.29.

Nalin Lease Finance has been trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in the market. In the past year, the company's performance has been impressive, with a 163.72% increase in stock price compared to the Sensex's 23.22% performance.

As a microcap finance company, Nalin Lease Finance has shown strong growth and potential in the market. With its recent surge in stock price and positive performance, it is definitely a company to keep an eye on in the finance/NBFC industry.
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