Ratnaveer Precision Engineering Ltd Hits 52-Week High, Outperforms Sector with Strong Growth.

Nov 11 2024 09:40 AM IST
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Ratnaveer Precision Engineering Ltd, a smallcap company in the steel/sponge iron/pig iron industry, reached a new 52-week and all-time high of Rs. 224.05 on November 11, 2024. The stock has been on a consecutive gain for the last 3 days, outperforming the sector by 1.95%. With a strong performance of 77.57% in the past year, the company shows potential for growth in the industry.

Ratnaveer Precision Engineering Ltd, a smallcap company in the steel/sponge iron/pig iron industry, has recently hit a 52-week high on November 11, 2024. The stock has been performing well, with a 'Hold' call from MarketsMOJO.

On November 11, the stock reached a new 52-week and all-time high of Rs. 224.05, outperforming the sector by 1.95%. It has also been on a consecutive gain for the last 3 days, with a 7.2% increase in returns during this period. The stock opened with a gap up of 4.99% today and touched an intraday high of Rs. 224.05.

Despite a slight dip in the intraday low of Rs. 202.75, Ratnaveer Precision Engineering Ltd is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a positive trend for the stock.

In the past year, Ratnaveer Precision Engineering Ltd has shown a strong performance of 77.57%, compared to the Sensex's performance of 22.44%. This showcases the company's growth and potential in the steel/sponge iron/pig iron industry.

Investors can consider holding onto their shares of Ratnaveer Precision Engineering Ltd, as the stock continues to show promising growth and performance in the market. With a 'Hold' call from MarketsMOJO, the company's stock is definitely one to watch out for in the smallcap category.
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