Shriram Asset Management Co Hits All-Time High, But Receives 'Sell' Call from MarketsMOJO

Shriram Asset Management Co, a microcap company in the finance/NBFC industry, has recently hit an all-time high on July 27, 2024. The stock, which is currently trading at Rs. 529, has been given a 'Sell' call by MarketsMOJO.

Today, the stock has outperformed the sector by 1.85%, but opened with a loss of -3.99%. It reached an intraday high of Rs. 529, a 5.8% increase, and a low of Rs. 480.05, a -3.99% decrease. Shriram AMC is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

In the finance/NBFC sector, Shriram Asset Management Co has gained by 2.54%. Its 1-year performance is an impressive 243.31%, compared to the Sensex's 21.92% performance.

Shriram Asset Management Co's recent success can be attributed to its strong performance in the finance/NBFC industry and its consistent growth over the past year. As a microcap company, it has shown remarkable growth and potential, making it an attractive investment option for investors. However, it is important to note that MarketsMOJO has given a 'Sell' call for the stock, indicating a potential decline in the near future. Investors should carefully consider their options before making any investment decisions.