Samvardhana Motherson International Hits 52-Week High, Outperforms Sensex in Auto Ancillary Sector

Samvardhana Motherson International, a leading player in the auto ancillary industry, has recently hit a 52-week high on May 22, 2024. The stock has been performing well in the market, with a 'Hold' call by MarketsMOJO.

The company's stock price reached a high of Rs.133.9 on the said date, showing a strong performance in line with the sector. In fact, the stock has been on a consecutive gain for the past 5 days, with a 4.79% increase in returns during this period.

Moreover, Samvardhana Motherson International is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in the market.

In terms of overall performance, the company has outperformed the Sensex with a 1-year return of 65.81%, compared to the Sensex's 19.53% return. This showcases the company's strong position in the market and its ability to generate good returns for its investors.

With its strong performance and positive outlook, Samvardhana Motherson International is definitely a stock to watch out for in the auto ancillary industry.