Shivalik Bimetal Controls' Stock Performance Soars, Outperforms Sector and Sensex

Shivalik Bimetal Controls, a smallcap company in the iron and steel industry, has seen a positive trend in its stock performance on July 12, 2024. The stock gained 7.84% and was recommended as a 'Hold' by MarketsMOJO.

In terms of price, Shivalik Bimetal outperformed the sector by 5.53% and reached an intraday high of Rs 659.9, showing a 6.17% increase. The stock has also been highly volatile today, with an intraday volatility of 39.59%.

Moreover, Shivalik Bimetal has been on a consecutive gain for the last 2 days, with a 7.58% increase in returns during this period. It is also trading higher than its 5 day, 20 day, 50 day, 100 day, and 200 day moving averages.

In comparison to the Sensex performance, Shivalik Bimetal has shown a 1 day performance of 8.37% while the Sensex only had a 0.33% increase. Similarly, in the last month, Shivalik Bimetal's performance was 20.02% compared to the Sensex's 4.64% increase.

Overall, Shivalik Bimetal Controls has shown a strong performance in the stock market, making it a promising company to watch in the iron and steel industry. Investors may want to consider holding onto their shares for now, as recommended by MarketsMOJO.