Setco Automotive's Stock Surges 44% in 9 Days, Outperforms Sensex in 1-Year Return

Setco Automotive, a microcap company in the auto ancillary industry, has recently seen a surge in its stock price. On April 30, 2024, the company's stock reached a 52-week high of Rs.14.14. This has caught the attention of investors and market analysts, with MarketsMOJO giving a 'Sell' call for the stock.

The stock's performance today has been in line with the overall sector, but what stands out is its consecutive gain for the past 9 days. In this period, the stock has risen by an impressive 44.03%. Additionally, Setco Automotive is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend.

In comparison to the Sensex, Setco Automotive has outperformed with a 1-year return of 95.26%, while the Sensex has only seen a 22.40% increase. This showcases the company's strong performance and potential for growth in the auto ancillary industry.

As a microcap company, Setco Automotive may not be as well-known as its larger counterparts, but its recent stock performance is certainly worth noting. With its consistent gains and positive outlook in the auto ancillary sector, Setco Automotive is a company to keep an eye on for potential investors.