Shriram Asset Management Co's Stock Reaches 52-Week High, Outperforms Sector and Sensex

Shriram Asset Management Co, a microcap company in the finance/NBFC industry, has been making headlines in the stock market recently. On August 1st, 2024, the company's stock price reached a 52-week high of Rs.633, which is also an all-time high for the company. This news has caught the attention of investors and analysts alike.

According to MarketsMOJO, a leading stock market analysis platform, the stock call for Shriram Asset Management Co is 'Sell'. However, the company's recent performance has been impressive. It has outperformed the sector by 4.4% and has been on a consecutive gain for the last 5 days, with a 26.6% increase in returns during this period. The stock also opened with a gain of 4.2% today and touched an intraday high of Rs.633, a 4.86% increase.

In addition, Shriram Asset Management Co is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in the stock's performance.

Looking at the company's 1-year performance, Shriram Asset Management Co has seen a significant increase of 331.64%, while the Sensex has only seen a 23.43% increase during the same period. This shows the company's strong performance and potential for growth in the future.

Shriram Asset Management Co is a microcap company, but its impressive performance in the finance/NBFC industry has caught the attention of investors. While MarketsMOJO may have a 'Sell' call for the stock, the recent news of its 52-week and all-time high, along with its consistent gains and positive moving averages, make it a company to watch out for in the stock market.