Suraj Ltd's Stock Hits 52-Week High, Outperforms Sector by 3.69%

Suraj Ltd, a microcap company in the steel industry, has been making headlines as its stock price reached a 52-week high on September 13, 2024. The stock has been performing well in the market, with a 'Hold' call from MarketsMOJO.

On September 13, Suraj's stock hit a new high of Rs.470.15, outperforming the sector by 3.69%. This marks the fourth consecutive day of gains for the company, with a total increase of 48.09% during this period. The stock also reached an intraday high of Rs.470.15, showing a 5.89% increase.

Suraj's performance has been consistently strong, with the stock 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 in the market.

In comparison to the Sensex, Suraj has shown an impressive 1-year performance of 216.53%, while the Sensex has only seen a 22.87% increase. This further highlights the company's strong performance and potential for growth in the steel industry.

With its recent surge in stock price and positive market performance, Suraj Ltd is definitely a company to keep an eye on in the steel industry.