Surana Telecom and Power Ltd's Stock Reaches 52-Week High, Outperforms Sector by 9.99%

Jun 20 2024 09:35 AM IST
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Surana Telecom and Power Ltd, a microcap company in the cable industry, has been making headlines for its impressive stock performance. It has outperformed the sector by 9.99% and gained 24.6% in the last 3 days alone. The stock is currently recommended as 'Hold' and has reached a new 52-week and all-time high. Its strong performance and positive trend make it a promising player in the market.

Surana Telecom and Power Ltd, a microcap company in the cable industry, has been making headlines recently as its stock price reached a 52-week high on June 20, 2024. The stock has been performing well, outperforming the sector by 9.99% and gaining 24.6% in the last 3 days alone.

According to MarketsMOJO, a leading stock analysis platform, the current recommendation for Surana Telecom and Power is 'Hold'. The stock opened today with a gain of 4.34% and touched an intraday high of Rs 23.29, which is a 9.96% increase from the previous day's close. This is also the new 52-week and all-time high for the company's stock.

In addition, Surana Telecom and Power is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in the stock's performance. This is further supported by the company's impressive 1-year performance of 146.46%, compared to the Sensex's performance of 22.16%.

While there has been no mention of investor interest or expert opinions, the facts speak for themselves. Surana Telecom and Power has been on a steady rise and continues to show promising growth in the cable industry. With its recent achievements and strong performance, the company is definitely one to watch out for in the market.
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