Steelco Gujarat Hits New 52-Week High of Rs. 19.12, Surges 986.36%

Oct 16 2025 11:41 AM IST
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Steelco Gujarat has achieved a new 52-week high of Rs. 19.12 on October 16, 2025, significantly outperforming its sector. The stock has surged by 986.36% over the past four days and is trading above multiple moving averages, reflecting a strong upward trend amid a bullish market sentiment.
Steelco Gujarat has reached a significant milestone by hitting a new 52-week high of Rs. 19.12 today, October 16, 2025. This achievement comes as the stock has demonstrated remarkable performance, outperforming its sector by 4.61%. Over the past four days, Steelco Gujarat has shown a substantial increase, with returns soaring by 986.36% during this period.

The stock's trading activity has been characterized by some erratic patterns, as it did not trade on one day out of the last 20. However, it is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend.

In the broader market context, the Sensex has also been on an upward trajectory, climbing 268.55 points to reach 83,063.34, just 1.25% away from its own 52-week high. The overall market sentiment remains bullish, with mega-cap stocks leading the gains today. Steelco Gujarat's recent performance highlights its notable position within the microcap segment of the market.
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