Safari Industries (India) Ltd's Stock Price Hits New High, Outperforms Sector and Sensex

Aug 07 2024 09:31 AM IST
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Safari Industries (India) Ltd, a midcap company in the plastic products industry, has seen a significant increase in its stock price on August 7, 2024. The stock has gained 8.39% and is currently trading at a new 52-week high of Rs. 2475. It has also outperformed the sector and Sensex, with a 'Hold' recommendation by MarketsMojo.

Safari Industries (India) Ltd, a midcap company in the plastic products industry, has seen a significant increase in its stock price on August 7, 2024. The stock has gained 8.39% and is currently trading at a new 52-week high of Rs. 2475. This performance has outperformed the sector by 6.12%.

According to MarketsMOJO, a leading stock market analysis and recommendation platform, the stock call for Safari Industries (India) is 'Hold'. The stock has been gaining for the last two days and has risen by 12.5% during this period. It also opened with a gap up of 16.09% today and touched an intraday high of Rs. 2475, showing high volatility with an intraday volatility of 5.28%.

Safari Industries (India) is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in its stock price.

In comparison to the Sensex, Safari Industries (India) has outperformed with a 1-day performance of 8.50% while the Sensex has only seen a 1.03% increase. In the last month, Safari Industries (India) has also performed better with a 6.83% increase compared to the Sensex's -0.74% performance.

Overall, Safari Industries (India) has shown a strong performance in the stock market, with its stock price reaching a new high and outperforming the sector and Sensex. Investors may want to consider the 'Hold' recommendation by MarketsMOJO and keep an eye on the company's future performance.
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