Ontic Finserve Achieves 52-Week High Amid Broader Market Downturn
Ontic Finserve, a microcap in the NBFC sector, has reached a new 52-week high, significantly outperforming its sector. The stock has shown a strong upward trend over the past 13 days, with impressive annual returns, contrasting with the broader market's slight downturn.
Ontic Finserve, a microcap player in the Non-Banking Financial Company (NBFC) sector, has made headlines today as its stock price reached a new 52-week high of Rs. 1.59. This milestone comes after a remarkable performance, with the stock outperforming its sector by 19.63%. Over the past 13 days, Ontic Finserve has shown a significant upward trend, accumulating returns of 120.83%.In terms of technical indicators, Ontic Finserve is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong bullish momentum. Over the past year, the stock has delivered impressive returns of 189.09%, contrasting sharply with the Sensex, which has seen a decline of 3.51% during the same period.
While the broader market is experiencing a slight downturn, with the Sensex trading at 81,951.13, down 0.25%, Ontic Finserve's performance stands out. The Sensex is currently 4.91% away from its own 52-week high, indicating a mixed sentiment in the market.
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