MarketsMOJO Revises Evaluation of Rico Auto Industries Amid Notable Market Activity

Rico Auto Industries, a small-cap player in the auto ancillary sector, has recently experienced notable market activity. On January 2, 2025, the stock surged by 7.93%, outperforming its sector by 4.97%. This upward momentum marks the third consecutive day of gains, with the stock achieving a total return of 5.87% over this period. During the trading session, Rico Auto Industries reached an intraday high of Rs 87.9, reflecting a 5.9% increase. Despite this positive performance, the stock's moving averages indicate a mixed trend, as it remains above the 5-day moving average but below the 20-day, 50-day, 100-day, and 200-day moving averages. In light of these developments, MarketsMOJO has made a revision in its evaluation of Rico Auto Industries, adjusting its stock call. Additionally, the stock has been added to MarketsMOJO's list, highlighting its current market position and performance indicators. Investors and market watchers will be keen to observe how these changes impact the stock's trajectory moving forward.