Sunflag Iron & Steel Co. Ltd. sees 7.12% increase in stock price, outperforms sector and Sensex

Sunflag Iron & Steel Company Ltd, a smallcap company in the iron and steel industry, has seen a significant increase in its stock price on July 2nd, 2024. The stock gained 7.12%, closing at Rs 241.95. MarketsMOJO has given a 'Hold' call for the stock.

The stock is currently trading close to its 52-week high of Rs 248.95, with a difference of only 2.89%. It has also outperformed the sector by 7.27% in today's trading session. Sunflag Iron has been on a consecutive gain for the last 3 days, with a total increase of 14.61% during this period. The stock touched an intraday high of Rs 241.95, showing a 7.63% increase.

In terms of moving averages, Sunflag Iron is 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 performance, Sunflag Iron has outperformed with a 1-day performance of 7.10% while the Sensex only saw a 0.09% increase. In the last month, Sunflag Iron has also outperformed the Sensex with a 14.34% increase compared to the Sensex's 7.55% increase.

Overall, Sunflag Iron & Steel Company Ltd has shown a strong performance in the stock market, with a significant increase in its stock price and outperforming the sector and Sensex. Investors may want to keep an eye on this smallcap company in the iron and steel industry.