Rajoo Engineers' Stock Hits All-Time High, Outperforms Sector and Sensex

Rajoo Engineers, a smallcap company in the plastic products industry, has recently seen its stock price reach an all-time high on September 16, 2024. This comes after the stock has been on a steady upward trend, outperforming the sector by 908.27% in the past year.

According to MarketsMOJO, a leading stock analysis and recommendation platform, the current call for Rajoo Engineers' stock is 'Hold'. This is based on the company's recent performance and market trends.

On September 16, the stock hit a new 52-week high of Rs.393, showing a strong performance in the market. However, it underperformed the sector by -1.82% on the same day. This could be attributed to the stock's recent trend reversal, as it fell after 10 consecutive days of gains.

Despite this, Rajoo Engineers is still trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in the market.

It is worth noting that Rajoo Engineers' performance in the past year has been significantly higher than the overall performance of the Sensex, which is a major stock market index in India. While Rajoo Engineers saw a 908.27% increase, the Sensex only saw a 22.43% increase in the same period.

Overall, Rajoo Engineers has shown strong performance in the market, with its stock price reaching an all-time high and outperforming the sector and the Sensex. Investors may want to keep an eye on this smallcap company in the plastic products industry.