Smallcap company Asian Energy Services hits 52-week high, outperforms sector by 8.71%

Asian Energy Services, a smallcap company in the oil exploration and refineries industry, has recently hit a 52-week high on August 23, 2024. The stock has been performing well, with a 'Hold' call from MarketsMOJO.

On August 23, the stock reached a new high of Rs.399.95, outperforming the sector by 8.71%. It has also been on a consecutive gain for the past 4 days, with a 29.18% increase in returns during this period. The stock opened with a gain of 6.99% today and reached an intraday high of Rs.399.95, a 9.14% increase.

In terms of moving averages, Asian Energy is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a positive trend for the stock.

In the past year, Asian Energy Services has shown a strong performance with a 179.52% increase, while the Sensex has only seen a 23.81% increase. This further highlights the company's growth and potential in the industry.

With its recent 52-week high and positive performance, Asian Energy Services is a company to watch in the oil exploration and refineries sector. Investors may want to keep an eye on this smallcap company as it continues to make strides in the market.