Swaraj Engines Surges in Stock Market, Hits New High and Attracts Attention from MarketsMOJO

Swaraj Engines, a leading manufacturer of diesel engines, has been making headlines in the stock market with its recent surge in share price. On August 26, 2024, the company's stock gained 7.24%, outperforming the sector by 6.43%. This positive trend has been consistent for the past four days, with a total increase of 12.33% in the period.

The stock has also hit a new 52-week and all-time high of Rs. 3390, which is a significant milestone for the company. This impressive performance has caught the attention of MarketsMOJO, who have given a 'Buy' call for Swaraj Engines.

In addition to its strong stock performance, Swaraj Engines is also trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a positive trend and potential for further growth.

The diesel engines sector has also seen a 2.04% gain, further highlighting the positive sentiment towards Swaraj Engines. Additionally, the company offers a high dividend yield of 3.02% at the current price, making it an attractive option for investors.

In comparison to the overall market performance, Swaraj Engines has outperformed the Sensex by a significant margin. Its 1-day performance was 7.94% compared to the Sensex's 0.74%, and its 1-month performance was 15.51% compared to the Sensex's 0.43%.

Overall, Swaraj Engines has shown strong performance and potential for growth in the diesel engines sector. With its recent surge in share price and positive outlook, it is definitely a stock to watch out for.