Sharda Motor Industries' Stock Reaches All-Time High, Outperforms Sector by 2.38%

Jun 29 2024 09:20 AM IST
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Sharda Motor Industries, a midcap company in the auto ancillary industry, has been making waves in the stock market with its share price reaching an all-time high on June 29, 2024. The stock has been performing well, outperforming the sector by 2.38% and showing a consecutive gain for the last 5 days. It is currently trading above its moving averages and has shown a remarkable 187.48% performance in the last year. Investors and analysts are closely monitoring the company's progress in the market.


Sharda Motor Industries, a midcap company in the auto ancillary industry, has been making headlines in the stock market as its share price reached an all-time high on June 29, 2024. The stock has been performing well in the market, with a 'Hold' call by MarketsMOJO.

On June 29, the stock hit a new 52-week high of Rs. 2227, outperforming the sector by 2.38%. It has also been on a consecutive gain for the last 5 days, with a 23.22% increase in returns during this period. However, the stock did touch an intraday low of Rs. 2125.05, showing a slight dip of 2.71%.

Sharda Motor Industries is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in the market. This midcap company has shown a remarkable 187.48% performance in the last year, compared to the Sensex's 23.65% performance.

With these impressive numbers, Sharda Motor Industries is proving to be a strong player in the auto ancillary industry. Investors and analysts are keeping a close eye on the company's performance, as it continues to make strides in the market.
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