Shyam Metalics & Energy Ltd's Stock Reaches All-Time High, Outperforms Sector and Sensex

Aug 22 2024 09:26 AM IST
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Shyam Metalics & Energy Ltd, a largecap company in the iron and steel industry, reached an all-time high of Rs.844.85 on August 22, 2024. According to MarketsMojo, the stock call is 'Hold' and the company has outperformed the sector by 8.86%. It has also shown consecutive gains for the last 4 days and is currently trading above its moving averages, indicating a strong performance.

Shyam Metalics & Energy Ltd, a largecap company in the iron and steel industry, has been making headlines in the stock market as its share price reached an all-time high of Rs.844.85 on August 22, 2024. This has been a significant milestone for the company, which has been gaining momentum in the market.

According to MarketsMOJO, a leading stock market analysis platform, the stock call for Shyam Metalics & Energy is 'Hold'. The company's performance today has been impressive, outperforming the sector by 8.86%. It has also been on a consecutive gain for the last 4 days, with a 17.44% increase in returns during this period.

The stock opened with a gap up of 6.05% today and touched an intraday high of Rs.844.85, showing a high level of volatility with an intraday volatility of 14.51%. This is calculated from the weighted average price, indicating a significant movement in the stock price.

Shyam Metalics & Energy is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which is a positive sign for the company's performance in the market.

In the past year, Shyam Metalics & Energy has shown a remarkable growth of 74.58%, outperforming the Sensex's performance of 24.26%. This showcases the company's strong position in the iron and steel industry and its ability to generate returns for its investors.

Overall, Shyam Metalics & Energy's recent all-time high and consistent growth in the market make it a company to watch out for in the iron and steel industry.
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