Rane (Madras) Ltd sees positive start with 6.43% gain, outperforms sector by 4.27%

Rane (Madras) Ltd, a smallcap auto ancillary company, saw a positive start to its trading day as the stock opened with a gain of 6.43%. This outperformance was reflected in the stock's performance today, as it outperformed the sector by 4.27%. This also marks a trend reversal for the stock, as it has gained after two consecutive days of falling.

The stock's intraday high of Rs 949, which is a 6.43% increase from its previous close, shows the high volatility of the stock today. This volatility is calculated from the weighted average price and stands at 5.28%. Despite this, the stock's moving averages show a mixed trend, with it being higher than the 200 day moving average but lower than the 5 day, 20 day, 50 day, and 100 day moving averages.

In comparison to the Sensex, Rane (Madras) Ltd has shown a 1 day performance of 4.55%, while the Sensex has only seen a 1.07% increase. Similarly, in the past month, the stock has underperformed the Sensex with a -21.00% performance compared to the Sensex's -6.22%.

MarketsMOJO has given a 'Sell' call for the stock, making it important for investors to carefully consider their options before making any decisions. With the stock's current performance and volatility, it is important to keep a close eye on Rane (Madras) Ltd and its future movements.