Summit Securities Soars to All-Time High, Outperforms Sector and Sensex

Nov 11 2024 09:25 AM IST
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Summit Securities, a smallcap finance company, has been performing well in the stock market with a 'Hold' call from MarketsMojo. Its stock has reached an all-time high and is currently trading above its moving averages. With a 1-year performance of 194.49%, it has outperformed the Sensex, making it a company to watch in the finance industry.

Summit Securities, a smallcap finance company, has been making waves in the stock market as its price reached an all-time high on November 11, 2024. The stock has been performing well, with a 'Hold' call from MarketsMOJO.

Currently, the stock is 3.03% away from its 52-week high of Rs 3390.45 and has outperformed the sector by 7.18% today. It has also seen consecutive gains for the last 2 days, with a rise of 20.54% in this period. The stock opened with a gain of 7.15% today and touched an intraday high of Rs 3290.75.

One notable aspect of Summit Securities' performance today is its high volatility, with an intraday volatility of 9.53%. However, the stock has been trading at a consistent price of Rs 3290.75 since its opening.

In terms of moving averages, Summit Securities 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 comparison to the Sensex, Summit Securities has shown an impressive 1-year performance of 194.49%, while the Sensex has only seen a 22.03% increase. This showcases the strong performance of the smallcap finance company in the stock market.

Overall, Summit Securities has been making a mark in the finance industry with its consistent growth and strong performance in the stock market. Investors may want to keep an eye on this company as it continues to make strides in the market.
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