Techno Electric & Engineering Co. Ltd sees 3.8% stock price increase, outperforms sector and Sensex

Techno Electric & Engineering Company Ltd, a leading player in the capital goods industry, saw a 3.8% increase in its stock price on October 14, 2024. The stock was given a 'Hold' call by MarketsMOJO, a leading financial analysis platform.

The stock is currently trading at a price close to its 52-week high of Rs 1800, with a difference of only 1.38%. It has also outperformed the sector by 3.04% today, reaching an intraday high of Rs 1787.8, showing a 4.11% increase. The stock has been highly volatile today, with an intraday volatility of 59.16%, calculated from the weighted average price.

Techno Electric & Engineering Company Ltd is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in its stock price.

In comparison to the Sensex, the stock has performed exceptionally well, with a 1-day performance of 3.13% compared to Sensex's 0.29%. In the past month, the stock has shown a 11.03% increase, while the Sensex has seen a decline of -1.53%.

With its strong performance and positive trend, Techno Electric & Engineering Company Ltd continues to be a promising player in the capital goods industry. Investors can keep a close eye on the stock as it continues to show potential for growth.