Rane (Madras) Ltd's Stock Reaches All-Time High, Outperforms Sector and Sensex

Aug 20 2024 09:25 AM IST
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Rane (Madras) Ltd, a smallcap company in the auto ancillary industry, has reached an all-time high price of Rs. 1094.95 on August 20, 2024. The stock has shown strong performance, outperforming the sector by 1.11% and maintaining a consecutive gain for the last two days. It is currently trading above its moving averages and has shown a remarkable growth of 74.66% in the past year, showcasing its strong potential in the industry.

Rane (Madras) Ltd, a smallcap company in the auto ancillary industry, has recently reached an all-time high price of Rs. 1094.95 on August 20, 2024. This has caught the attention of investors and market analysts, with MarketsMOJO giving a 'Sell' call for the stock.

The stock has shown strong performance today, outperforming the sector by 1.11%. It has also been on a consecutive gain for the last two days, with a 11.16% increase in returns during this period. The stock opened at Rs. 1094.95 and has maintained this price throughout the day.

Rane (Madras) Ltd is currently trading above 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 shown a remarkable growth of 74.66%, outperforming the Sensex's performance of 24.09%. This showcases the company's strong potential and growth in the auto ancillary industry.

Investors and market experts are closely watching the performance of Rane (Madras) Ltd, as it continues to reach new heights in the stock market. With its consistent growth and positive trend, the company is definitely one to watch out for in the auto ancillary sector.
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