Saraswati Commercial (India) Ltd Outperforms Sector with 91.59% Increase in Returns

Sep 01 2024 09:20 AM IST
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Saraswati Commercial (India) Ltd, a smallcap company in the finance/NBFC industry, has been gaining attention in the stock market with its recent performance. On September 1st, the stock reached an all-time high of Rs.17542.85, outperforming the sector by 2.53%. With a consecutive 15-day gain and a remarkable 91.59% increase in returns, the company has shown high volatility and is currently trading above its moving averages. MarketsMojo has given a 'Hold' call for the company, solidifying its strong performance.

Saraswati Commercial (India) Ltd, a smallcap company in the finance/NBFC industry, has been making waves in the stock market with its recent performance. On September 1st, the company's stock price reached an all-time high of Rs.17542.85, outperforming the sector by 2.53%. This marks a consecutive 15-day gain for the stock, with a remarkable 91.59% increase in returns during this period.

The stock opened with a 5% gain today and reached an intraday high of Rs.17542.85, while also touching an intraday low of Rs.15872.15. The stock has shown high volatility today, with an intraday volatility of 5% calculated from the weighted average price. This is a significant achievement for a smallcap company in the finance/NBFC industry.

Saraswati Commercial (India) Ltd's performance over the past year has been exceptional, with a 539.93% increase in stock price compared to the Sensex's 26.55% performance. The company's stock is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend.

MarketsMOJO has given a 'Hold' call for Saraswati Commercial (India) Ltd, further solidifying the company's strong performance in the stock market. With its recent achievements and consistent growth, Saraswati Commercial (India) Ltd is definitely a company to watch out for in the finance/NBFC industry.
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