Ramco Industries Hits New 52-Week High, Outperforms Sector and Sensex

Ramco Industries, a smallcap company in the construction material industry, has recently reached a new 52-week high on November 12, 2024. The stock has been performing well, with a 'Hold' call from MarketsMOJO.

On November 12, the stock hit a high of Rs.299.2, outperforming the sector by 0.38%. It has also been on a consecutive gain for the past 2 days, with a 5.31% increase in returns during this period. Additionally, Ramco Industries is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

In the past year, Ramco Industries has shown a strong performance with a 44.73% increase, compared to the Sensex's 21.95% performance. This showcases the company's potential for growth and success in the construction material industry.

Ramco Industries is a smallcap company, but its recent performance and positive outlook make it a promising investment option. With a 'Hold' call from MarketsMOJO, investors can consider adding this stock to their portfolio. However, it is always important to do thorough research and consult with a financial advisor before making any investment decisions.