Rudra Global Infra Products' Stock Reaches All-Time High, Outperforms Sector and Sensex

Rudra Global Infra Products, a microcap company in the iron and steel industry, has been making waves in the stock market recently. On August 12, 2024, the company's stock price reached an all-time high, according to data from MarketsMOJO. However, the stock call for Rudra Global is currently a 'Sell' recommendation.

Despite this, the company's stock has been performing well in the market. It hit a new 52-week high of Rs.75 today and has outperformed the sector by 5.88%. In fact, Rudra Global has been on a consecutive gain streak for the last 5 days, with a 46.07% increase in returns during this period. The stock also opened with a gain of 2.76% today and reached an intraday high of Rs.75, a 7.19% increase.

In terms of moving averages, Rudra Global is trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day averages. This indicates a positive trend for the company's stock.

In comparison to the Sensex performance, Rudra Global has shown a significant increase of 162.45% in the last year, while the Sensex has only seen a 21.58% increase. This showcases the strong performance of Rudra Global in the market.

As a microcap company in the iron and steel industry, Rudra Global Infra Products has shown promising growth and potential in the stock market. However, it is important for investors to do their own research and make informed decisions before investing in any company.