Suraj Ltd's Stock Reaches 52-Week High, Outperforms Sector and Sensex

Apr 18 2024 09:35 AM IST
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Suraj Ltd, a microcap company in the iron and steel industry, has seen a surge in its stock price, reaching a 52-week high on April 18, 2024. Despite a slight underperformance today, the stock has been trading above its moving averages and has shown impressive growth of 280.33% in the past year, outperforming the Sensex. With a 'Hold' rating from MarketsMojo, Suraj Ltd is a promising player in the iron and steel sector.

Suraj Ltd, a microcap company in the iron and steel industry, has been making headlines recently as its stock price reached a 52-week high on April 18, 2024. The stock has been given a 'Hold' rating by MarketsMOJO, a leading financial analysis and research platform.

Currently, Suraj's stock is trading at Rs 298.95, which is 4.88% away from its 52-week high. Despite underperforming the sector by -3.4% today, the stock has been consistently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

In the past year, Suraj Ltd has shown an impressive growth of 280.33%, outperforming the Sensex's performance of 22.56%. This is a testament to the company's strong performance and potential for growth in the iron and steel industry.

Suraj Ltd may be a microcap company, but its stock has been gaining attention from investors and analysts alike. With its consistent growth and positive outlook, Suraj Ltd is definitely a company to keep an eye on in the iron and steel sector.
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