Rajoo Engineers Reaches All-Time High, Outperforms Sector by 4.55%

Rajoo Engineers, a midcap company in the plastic products industry, has recently reached an all-time high price of Rs. 424.85 on October 5th, 2024. This has been a significant milestone for the company, as it has outperformed the sector by 4.55% on the same day. The stock has also shown a trend reversal, gaining after two consecutive days of fall.

According to MarketsMOJO, a leading stock analysis and recommendation platform, the stock call for Rajoo Engineers is 'Hold'. This suggests that the stock is expected to maintain its current performance and investors are advised to hold onto their positions.

The stock has been performing well in the market, with a 911.55% increase in the past year, compared to the Sensex's performance of 25.24%. This shows the strong growth potential of Rajoo Engineers in the plastic products industry.

On the day of the all-time high, the stock touched an intraday high of Rs. 424.85, a 4.99% increase from the previous day's close. However, it also touched an intraday low of Rs. 395, showing some volatility in its trading.

Rajoo Engineers is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in its performance. This is a good sign for investors, as it shows the stock's consistent growth in the market.

Overall, Rajoo Engineers has shown strong performance in the market, reaching an all-time high and outperforming its sector. With a 'Hold' recommendation from MarketsMOJO and a positive trend in its moving averages, the stock seems to be a promising investment in the plastic products industry.