Prime Securities' Stock Sees 7.56% Increase, Outperforms Market and Maintains Positive Trend

Prime Securities, a smallcap finance and non-banking financial company, saw a 7.56% increase in its stock price on October 16, 2024. This rise in stock price was in line with the overall positive trend in the market, with the Sensex gaining 0.39% on the same day.

According to MarketsMOJO, a leading stock analysis platform, Prime Securities' stock is currently rated as 'Hold'. The company's stock has been a part of the Momentumnow Stocks list on MarketsMOJO since October 8, 2024.

In terms of price performance, Prime Securities is currently trading at a price that is 1.52% away from its 52-week high of Rs 329.95. On the day of the stock's rise, it touched an intraday high of Rs 325, outperforming the sector by 7.49%.

Moreover, Prime Securities' stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in the company's stock price.

In comparison to the Sensex, Prime Securities has outperformed the market in both the short and long term. On the day of the stock's rise, its performance was 7.56% compared to the Sensex's -0.39%. In the past month, Prime Securities' stock has also outperformed the Sensex, with a 2.49% increase compared to the market's -1.79% performance.

Overall, Prime Securities' stock has shown a positive trend and has been performing well in the market. Investors may want to keep an eye on this smallcap finance and NBFC company for potential future growth.