Sangam (India) Ltd's Stock Performance Shows Positive Trend, Outperforms Sector by 2.37%

Jun 12 2024 09:30 AM IST
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On June 12, 2024, Sangam (India) Ltd, a smallcap textile company, saw a 7.22% increase in its stock performance, outperforming the sector by 2.37%. Despite high volatility, the stock has been trading consistently at Rs 399. It has also outperformed the Sensex in the last month, but investors should monitor its performance in the future.

Sangam (India) Ltd, a smallcap company in the textile industry, has seen a positive trend in its stock performance on June 12, 2024. The stock has gained 7.22%, outperforming the sector by 2.37%. MarketsMOJO has given a 'Sell' call for the stock.

The stock opened with a gain of 2.84% and touched an intraday high of Rs 399. It has been gaining for the last two days and has risen 3.85% in this period. The stock has been highly volatile today with an intraday volatility of 74% (calculated from weighted average price). However, it has been trading at a consistent price of Rs 399 since its opening.

In terms of moving averages, Sangam (India) Ltd is higher than its 5-day, 20-day, and 200-day moving averages, but lower than its 50-day and 100-day moving averages. This indicates a mixed trend in the stock's performance.

In comparison to the Sensex, Sangam (India) Ltd has outperformed with a 1-day performance of 7.22% against the Sensex's 0.29%. However, in the last month, the stock has underperformed the Sensex with a 4.96% return compared to the Sensex's 5.52% return.

Investors should keep an eye on Sangam (India) Ltd's performance in the coming days to see if it continues to maintain its positive trend.
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