Royal India Corporation (RIC) Outperforms Market with Impressive 49.61% Gain in 21 Days

Royal India Corporation (RIC) has been making waves in the trading industry, with its stock price reaching a 52-week high of Rs.9.59 on March 13, 2024. This microcap company has been gaining momentum in the market, outperforming the sector by 3.57% and showing a consecutive gain for the past 21 days. In fact, RIC has risen by an impressive 49.61% in this period.

The company's strong performance can also be seen in its moving averages, with RIC trading higher than the 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a positive trend for the stock and reflects the company's consistent growth.

In comparison to the Sensex, RIC has shown a remarkable 194.17% performance in the past year, while the Sensex has only seen a 26.48% increase. This further highlights RIC's strong position in the trading industry.

MarketsMOJO has given a 'Sell' call for RIC, but this should not discourage investors from considering this company. With its impressive performance and consistent growth, RIC has proven to be a strong player in the market. As always, it is important for investors to do their own research and make informed decisions before investing in any company.