Surana Telecom and Power Ltd Hits All-Time High Price of Rs.24.3, Outperforming Sector by 2.68%

Surana Telecom and Power Ltd, a microcap company in the cable industry, has reached an all-time high price of Rs.24.3 on June 22, 2024. This news comes as the stock call for the company by MarketsMOJO is 'Hold'.

The stock has shown a strong performance today, with a new 52-week high and all-time high being hit. However, it has underperformed the sector by -8.41%. The trend has also reversed, with the stock falling after three consecutive days of gains.

In today's trading, the stock opened with a gain of 3.01% and touched an intraday high of Rs.24.3, which is a 4.34% increase. However, it also touched an intraday low of Rs.21.22, showing high volatility with an intraday range of 6.86%.

Surana Telecom is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. In the cable sector, the stock has gained by 2.68%.

In the past year, Surana Telecom and Power Ltd has shown a strong performance of 132.45%, while the Sensex has only grown by 21.55%. This showcases the company's growth and potential in the market.

Investors should keep an eye on Surana Telecom and Power Ltd as it continues to make strides in the cable industry. With its recent all-time high price and positive performance, the company shows promise for future growth. However, it is important to note that this is not a recommendation and all investment decisions should be made after thorough research and analysis.