Sangam (India) Stock Price Rises 7.0% on Strong Performance and Outperforms Sector and Sensex

Apr 22 2024 01:15 PM IST
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The company's stock price has seen a 7.0% increase due to its strong market performance, outperforming its sector and the Sensex. Moving averages show a positive trend, but MarketsMojo has given a 'Strong Sell' call for the stock.

Sangam (India), a smallcap textile company, has seen a 7.0% increase in its stock price on April 22, 2024. This rise in stock price has been attributed to the company's strong performance in the market. MarketsMOJO has given a 'Strong Sell' call for the stock.

In terms of price performance, Sangam (India) has outperformed its sector by 5.4% today. The stock has also been on a consecutive gain streak for the past 2 days, with a 7.88% increase in returns during this period. The stock's intraday high was Rs 455.8, a 7.18% increase from its previous closing price.

Moving averages for Sangam (India) show that the stock is currently higher than its 5-day, 20-day, 100-day, and 200-day moving averages. However, it is lower than its 50-day moving average.

In comparison to the Sensex, Sangam (India) has performed significantly better with a 1-day performance of 7.00% compared to Sensex's 0.45%. Over the past month, the stock has also outperformed the Sensex with a 10.46% increase compared to Sensex's 0.81% increase.

Overall, Sangam (India) has shown strong performance in the market, making it a company to watch out for in the textile industry. Investors should keep an eye on the stock's performance and make informed decisions based on their own research and analysis.
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