Rico Auto Industries' Stock Reaches All-Time High, Outperforms Sector by 4.76%

Mar 21 2024 11:05 AM IST
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Rico Auto Industries, a smallcap company in the auto ancillary industry, has shown a remarkable performance with its stock reaching an all-time high on March 21, 2024. The stock is currently trading close to its 52-week high and has outperformed the sector by 4.76%. With consecutive gains and a positive trend, the company has proven to be a promising player in the market.

Rico Auto Industries, a smallcap company in the auto ancillary industry, has recently seen a surge in its stock price. On March 21, 2024, the company's stock reached an all-time high, with a stock call of 'Hold' by MarketsMOJO.

The stock is currently trading close to its 52-week high of Rs 146.15, with a performance today that has outperformed the sector by 4.76%. In the last two days, the stock has shown consecutive gains and has risen by 9.77%. It also opened with a gain of 5.66% today and touched an intraday high of Rs 143.7, a 6.33% increase.

Rico Auto Industries is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in the stock's performance.

In the past year, Rico Auto Industries has shown a remarkable performance of 116.29%, compared to the Sensex's performance of 25.41%. This showcases the company's strong growth and potential in the auto ancillary industry.

As a smallcap company, Rico Auto Industries has proven to be a promising player in the market, with its recent surge in stock price and consistent growth. Investors can keep an eye on this company for potential opportunities in the future.
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