Techno Electric & Engineering Company's Stock Hits 52-Week High, Outperforms Sensex by 243%

Oct 15 2024 09:35 AM IST
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Techno Electric & Engineering Company Ltd, a leading player in the capital goods industry, has reached a new milestone as its stock price hit a 52-week high of Rs. 1824.95 on October 15, 2024. With a 'Hold' rating from MarketsMojo and strong performance, the company is a promising investment option in the sector.

Techno Electric & Engineering Company Ltd, a leading player in the capital goods industry, has recently reached a new milestone. On October 15, 2024, the company's stock price hit a 52-week high of Rs. 1824.95. This is a significant achievement for the company, showcasing its strong performance and growth in the market.

According to MarketsMOJO, a leading financial advisory firm, the stock call for Techno Electric & Engineering Company is 'Hold'. This indicates that the company's stock is expected to perform steadily in the near future, without any major fluctuations.

The stock's performance today has been slightly underwhelming, as it underperformed the sector by -0.67%. However, it still managed to touch an intraday high of Rs. 1824.95, which is a positive sign for investors.

Techno Electric & Engineering Company's stock is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a strong upward trend in the company's stock price.

In the past year, Techno Electric & Engineering Company's stock has outperformed the Sensex by a significant margin, with a 1-year performance of 243.08% compared to the Sensex's 23.98%. This further highlights the company's strong growth and potential in the capital goods industry.

Overall, Techno Electric & Engineering Company's stock has shown impressive performance and growth, making it a promising investment option for investors. With a 'Hold' rating from MarketsMOJO and a strong track record, the company is definitely one to watch in the capital goods sector.
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