Rico Auto Industries' Stock Reaches All-Time High Amidst Strong Performance

Mar 11 2024 09:25 AM IST
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Rico Auto Industries, a smallcap company in the auto ancillary industry, has seen a surge in its stock price, reaching an all-time high of Rs.146.15 on March 11, 2024. The stock has been on a consecutive upward trend for the past two days, with a gain of 12.07%. Despite high volatility, the stock is trading above its moving averages and has outperformed the Sensex in the past year. MarketsMojo has given a 'Hold' call for the stock.

Rico Auto Industries, a smallcap company in the auto ancillary industry, has been making headlines recently as its stock price reached an all-time high of Rs.146.15 on March 11, 2024. This comes after the stock has been on a consecutive upward trend for the past two days, with a gain of 12.07% during this period. The stock also opened with a gain of 2.63% today and touched an intraday high of Rs.146.15, outperforming the sector by 1.29%.

The stock has been highly volatile today, with an intraday volatility of 47.96%, calculated from the weighted average price. However, despite this volatility, Rico Auto Industries is still trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a strong performance and positive sentiment towards the company.

In the past year, Rico Auto Industries has outperformed the Sensex with a 98.29% return, compared to the Sensex's 25.22% return. This showcases the company's strong growth and potential in the auto ancillary industry.

MarketsMOJO has given a 'Hold' call for Rico Auto Industries, indicating a neutral stance on the stock. With its recent all-time high and strong performance, Rico Auto Industries is definitely a company to watch in the auto ancillary industry.
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