Saraswati Commercial (India) Ltd Hits New 52-Week High, Outperforms Sector and Sensex

Sep 20 2024 11:15 AM IST
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Saraswati Commercial (India) Ltd, a smallcap finance/NBFC company, had a strong start to the day with a 5% gain in stock. It continued to perform well, hitting a new 52-week and all-time high of Rs.25212.15. The stock has outperformed the sector by 4.33% and has been on a 12-day gaining streak with a total return of 70.51%. Its consistent performance and stability make it a promising investment option.

Saraswati Commercial (India) Ltd, a smallcap company in the finance/NBFC industry, saw a positive start to the day as its stock opened with a gain of 5.0%. The stock continued to perform well throughout the day, hitting a new 52-week and all-time high of Rs.25212.15. This marks a significant milestone for the company, as it outperformed the sector by 4.33% and has been on a consecutive 12-day gaining streak, with a total return of 70.51% in this period.

The stock also opened with a gap up of 5%, indicating strong investor interest and confidence in the company. It touched an intraday high of Rs.25212.15, which is 5% higher than its previous day's closing. The stock has been trading in a narrow range of Rs.112.15, showcasing its stability and consistent performance.

Saraswati Commercial (India) Ltd is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, further solidifying its strong performance in the market. Its 1-day performance of 5.00% is significantly higher than the Sensex's performance of 1.18%, and its 1-month performance of 112.33% has also outperformed the Sensex's performance of 4.16%.

MarketsMOJO has given a 'Hold' call for the stock, indicating that it is a good investment option for now. With its impressive performance and consistent growth, Saraswati Commercial (India) Ltd is definitely a company to watch out for in the finance/NBFC industry.
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