Rathi Steel & Power's Stock Soars, Outperforms Market Despite 'Strong Sell' Call

Rathi Steel & Power Ltd, a microcap company in the iron and steel industry, has been making headlines in the stock market recently. The company's stock has been on a winning streak, gaining for the past 9 consecutive days and rising by 18.89% in that period. This has caught the attention of investors and analysts alike.

Today, Rathi Steel & Power hit a new 52-week high of Rs.33.74, outperforming the sector by 2.14%. The stock is also trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend.

In comparison to the overall market performance, Rathi Steel & Power has been outperforming the Sensex by a significant margin. In the past 1 day, the stock's performance was 2.00% compared to the Sensex's 0.25%. In the past 1 month, the stock has seen a remarkable growth of 42.91%, while the Sensex has only grown by 3.94%.

However, despite the recent surge in stock price, MarketsMOJO has given a 'Strong Sell' call for Rathi Steel & Power. This is based on their analysis of the company's financials and market trends. As a microcap company, Rathi Steel & Power may have potential for growth, but it is important for investors to carefully consider all factors before making any investment decisions.