Ratnaveer Precision Engineering Ltd's Stock Reaches All-Time High, Outperforms Sector by 14.7%
Ratnaveer Precision Engineering Ltd, a smallcap company in the steel/sponge iron/pig iron industry, has seen a surge in its stock price, reaching an all-time high on November 23, 2024. The stock has consistently outperformed the sector and has shown a remarkable growth of 124.50% in the past year, making it a reliable investment option for investors.
Ratnaveer Precision Engineering Ltd, a smallcap company in the steel/sponge iron/pig iron industry, has seen a surge in its stock price, reaching an all-time high on November 23, 2024. The stock, which is currently trading at Rs. 266.9, has been given a 'Hold' call by MarketsMOJO.
Today, the stock has outperformed the sector by 14.7%, opening with a gain of 2.18%. It also touched an intraday high of Rs. 266.9, showing a high volatility of 7.97%. This is calculated from the weighted average price.
Ratnaveer Precision Engineering Ltd has been consistently performing well, trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. In the past year, the company's stock has shown a remarkable growth of 124.50%, while the Sensex has only seen a 19.83% increase.
This impressive performance can be attributed to the company's strong presence in the steel/sponge iron/pig iron industry and its efficient management. Ratnaveer Precision Engineering Ltd has proven to be a reliable investment option for investors, with its consistent growth and positive outlook in the market.
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