Rane (Madras) Ltd reaches all-time high, outperforms Sensex in auto ancillary industry

Rane (Madras) Ltd, a smallcap company in the auto ancillary industry, has reached an all-time high price of Rs.1350 on August 22, 2024. This comes after the stock has been gaining for the last four days, with a consecutive gain of 37.06% in this period. The stock opened today with a gain of 2.23% and has been trading at this price since then.

The stock has shown high volatility today, with an intraday volatility of 6.19%, calculated from the weighted average price. Rane (Madras) Ltd 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 stock's performance.

In the past year, Rane (Madras) Ltd has outperformed the Sensex with a return of 122.66%, while the Sensex has only seen a 24.28% return. This showcases the strong performance of the company in the auto ancillary industry.

However, MarketsMOJO has given a 'Sell' call for Rane (Madras) Ltd, suggesting caution for investors. It is important to note that this is not a recommendation, but rather a fact-based analysis of the stock's performance. Investors should do their own research and consult with a financial advisor before making any investment decisions.