Sanghvi Movers' Stock Sees 7.07% Gain, Outperforms Sector on October 15, 2024

Oct 15 2024 11:30 AM IST
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The stock outperformed its sector and has been on a consecutive gain for the last 2 days, but is currently lower than its 100-day and 200-day moving averages. The Sensex's performance on the same day was -0.30%, while Sanghvi Movers' stock saw a 7.12% increase. Over the past month, Sanghvi Movers' stock has seen a 7.62% increase, while the Sensex has seen a -1.40% decrease. Investors should proceed with caution and consider all factors before investing in Sanghvi Movers.

Sanghvi Movers, a smallcap company in the engineering industry, saw a positive trend in its stock performance on October 15, 2024. The stock gained 7.07% and closed at Rs 430.75. However, according to MarketsMOJO, the stock has been given a 'Sell' call.

In terms of price performance, Sanghvi Movers outperformed its sector by 3.99% on the same day. The stock has also been on a consecutive gain for the last 2 days, with a rise of 12.47% in this period. The day's high for the stock was Rs 434, a 5.33% increase from its previous close.

When looking at the moving averages, Sanghvi Movers' stock is currently higher than its 5-day, 20-day, and 50-day moving averages. However, it is lower than its 100-day and 200-day moving averages.

In comparison to the Sensex, Sanghvi Movers' stock performance on the same day was 7.12%, while the Sensex's performance was -0.30%. Over the past month, Sanghvi Movers' stock has seen a 7.62% increase, while the Sensex has seen a -1.40% decrease.

Overall, Sanghvi Movers' stock showed a positive trend on October 15, 2024, but investors should take note of the 'Sell' call given by MarketsMOJO. It is important to do thorough research and analysis before making any investment decisions.
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