RACL Geartech's Stock Price Soars 10.21%, Outperforming Sector and Catching Attention of MarketsMOJO

RACL Geartech, a smallcap company in the auto ancillary industry, has seen a significant increase in its stock price on June 20, 2024. The stock has gained 10.21%, outperforming the sector by 11.16%. This strong performance has caught the attention of MarketsMOJO, who has given the stock a 'Strong Sell' rating. The stock has been on a consecutive gain streak for the past two days, with a total return of 12.66% during this period. It also reached an intraday high of Rs 1204.95, showing a high level of volatility with an intraday volatility of 7.5%. Despite the recent gains, the stock's moving averages are still mixed. It is currently higher than the 5-day and 20-day moving averages, but lower than the 50-day, 100-day, and 200-day moving averages. In comparison to the overall market performance, RACL Geartech has outperformed the Sensex by 10.67% in the past day and underperformed by -7.50% in the past month. As a smallcap company in the auto ancillary industry, RACL Geartech's performance is closely tied to the overall market conditions. Investors should carefully consider their investment decisions and consult with a financial advisor before making any moves.