Ratnaveer Precision Engineering's Stock Soars to New High, Outperforms Sector and Sensex

Ratnaveer Precision Engineering, a smallcap company in the steel/sponge iron/pig iron industry, saw a significant increase in its stock price on November 19, 2024. The stock gained 8.7%, closing at a new 52-week and all-time high of Rs.247.9. This outperformed the sector by 7.09% and marked the third consecutive day of gains for the company, with a total return of 15.94% in that period.

The stock opened with a gain of 2% and reached an intraday high of Rs.247.9, a 7.78% increase from the previous day's close. Ratnaveer Precision Engineering is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in its stock price.

In comparison to the Sensex, Ratnaveer Precision Engineering's stock performance has been impressive. On a 1-day basis, the company's stock saw a 9.13% increase, while the Sensex only saw a 1.33% increase. Over the past month, Ratnaveer Precision Engineering's stock has outperformed the Sensex by 33.30%, while the Sensex has seen a decline of -3.52%.

MarketsMOJO has given a 'Hold' call for Ratnaveer Precision Engineering's stock, indicating that investors should hold onto their current positions. With its recent strong performance and positive trend, Ratnaveer Precision Engineering is a company to watch in the steel/sponge iron/pig iron industry.