Swaraj Engines' Stock Hits All-Time High, Outperforms Sector and Sensex

Swaraj Engines, a leading manufacturer of diesel engines, has reached a new milestone as its stock price hit an all-time high on June 20, 2024. This smallcap company has been gaining momentum in the market, outperforming its sector by 1.02% and showing a consecutive gain for the last 11 days. The stock has risen by 24.5% in this period, showcasing its strong performance.

Today, Swaraj Engines' stock price reached a new 52-week high of Rs.2940.75, which is a significant achievement for the company. The stock has also been highly volatile, with an intraday volatility of 18.24%, calculated from the weighted average price. This indicates the high interest and activity surrounding the stock.

In addition, Swaraj Engines is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which is a positive sign for investors. The company also offers a high dividend yield of 3.18% at the current price, making it an attractive option for those seeking stable returns.

In the past year, Swaraj Engines has outperformed the Sensex with a 38.84% return, compared to the Sensex's 22.03% performance. This further highlights the company's strong performance and potential for growth.

With its consistent growth and strong financials, Swaraj Engines is a promising player in the diesel engine industry. Investors can take advantage of its current high stock price and consider adding it to their portfolio. MarketsMOJO has also given a 'Buy' call for Swaraj Engines, making it a favorable choice for investors.