Suratwwala Business Group's Stock Sees Positive Trend, Outperforms Sector and Sensex

Suratwwala Business Group, a smallcap company in the construction and real estate industry, has seen a positive trend in its stock performance. On October 14, 2024, the company's stock gained 7.28%, closing at Rs 128.05. MarketsMOJO has given a 'Hold' call for the stock.

The stock is currently trading at a price that is 2.77% away from its 52-week high of Rs 137.5. It has also outperformed the sector by 6.09% in today's trading session. This marks a trend reversal for the stock, as it has gained after two consecutive days of falling.

Intraday, the stock reached a high of Rs 134.7, showing a 7.76% increase. Suratwwala Business Group is also trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

In comparison to the Sensex, Suratwwala Business Group's stock has performed significantly better in the past day and month, with a 7.16% and 16.63% increase respectively, while the Sensex has only seen a 0.65% and -1.18% change.

This positive trend in Suratwwala Business Group's stock performance could be attributed to the company's strong presence in the construction and real estate industry, as well as its consistent growth in the market. Investors may want to keep an eye on this smallcap company as it continues to show promising performance.