Setco Automotive's Stock Surges, Outperforms Sector and Sensex in Impressive 3-Day Streak

Setco Automotive, a microcap company in the auto ancillary industry, has recently seen a surge in its stock price. On July 3rd, 2024, the company's stock reached a 52-week high of Rs 14.49. However, according to MarketsMOJO, the stock is currently rated as a 'Sell'.

Despite this, Setco Automotive's performance has been impressive. The stock has outperformed the sector by 4.33% and has been on a consecutive gain for the last 3 days, with a 15.56% increase in returns during this period. Additionally, the stock is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

In comparison to the Sensex, Setco Automotive has shown a remarkable 1-year performance of 108.48%, while the Sensex has only seen a 22.55% increase. This showcases the company's strong growth and potential in the auto ancillary industry.

As a microcap company, Setco Automotive may not be as well-known as its larger counterparts, but its recent performance and consistent gains make it a company to watch out for. Investors should keep an eye on the company's future developments and performance in the auto ancillary sector.