Super Tannery's Stock Reaches All-Time High, Outperforms Leather Sector

Super Tannery, a microcap company in the leather industry, has recently reached an all-time high in its stock price on October 12th, 2024. The stock has been performing well, with MarketsMOJO giving it a 'Hold' rating.

The stock opened today with a gain of 3.16% and has been gaining for the last four days, resulting in a 48.45% increase in returns. It has also outperformed the leather sector by 14.76%. The intraday high for the stock was Rs. 16.34, which is a 19.97% increase from the previous day's close. However, the stock has also shown high volatility today, with an intraday volatility of 7.5%.

Super Tannery's stock 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 company's stock.

In the leather sector, Super Tannery has gained 5.18%, showing a strong performance in comparison to its peers. Additionally, the company's one-year performance has been impressive, with a 81.24% increase in stock price, while the Sensex has only seen a 22.43% increase.

Super Tannery's success can be attributed to its strong performance in the leather industry and its consistent growth in the stock market. With its stock reaching an all-time high, investors may want to keep an eye on this microcap company in the future.