Sarda Energy & Minerals Ltd Hits All-Time High, Rated 'Hold' by MarketsMOJO

Sarda Energy & Minerals Ltd, a midcap company in the steel/sponge iron/pig iron industry, has recently seen its stock price reach an all-time high on September 19, 2024. This comes after the stock has been on a steady rise for the past 7 days, but today it underperformed the sector by -0.78%.

According to MarketsMOJO, a leading financial analysis platform, the stock is currently rated as 'Hold'. This is based on the company's performance in the past year, where it has outperformed the Sensex by a significant margin of 92.65% compared to the Sensex's 23.54% growth.

Today, the stock hit a new 52-week high of Rs.427, but it has also been highly volatile with an intraday volatility of 164.12%. This means that the stock's price has fluctuated significantly throughout the day, with a weighted average price being used to calculate this volatility.

In terms of moving averages, Sarda Energy & Minerals is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a positive trend for the stock in the short and long term.

Overall, Sarda Energy & Minerals Ltd has shown strong performance in the past year and has reached a new milestone with its all-time high stock price. However, investors should keep an eye on the stock's volatility and consider the 'Hold' rating given by MarketsMOJO before making any investment decisions.