Rajoo Engineers' Stock Reaches All-Time High, Given 'Hold' Call by MarketsMOJO

Rajoo Engineers, a midcap company in the plastic products industry, has recently seen a surge in its stock price, reaching an all-time high on October 4th, 2024. The stock has been given a 'Hold' call by MarketsMOJO, a leading financial analysis platform.

As of October 4th, Rajoo Engineers' stock was trading at Rs 419.35, just 0.32% away from its 52-week high. The stock has also outperformed the sector by 2.79% and has shown a trend reversal after two consecutive days of falling. Intraday, the stock reached a high of Rs 419, a 3.55% increase, and a low of Rs 395, a 2.38% decrease.

Rajoo Engineers' stock is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. In the past year, the company's stock has shown an impressive growth of 890.48%, while the Sensex has only grown by 25.57%.

This growth can be attributed to Rajoo Engineers' strong performance in the plastic products industry, as well as its efficient management and strategic investments. With a 'Hold' call from MarketsMOJO, investors can continue to monitor the company's performance and make informed decisions.