Torrent Power Ltd. Outperforms Power Industry and Sensex with 4.22% Gain on May 14, 2024

May 14 2024 09:45 AM IST
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On May 14, 2024, Torrent Power Ltd., a largecap company in the power industry, had a positive performance with a 4.22% gain, outperforming the sector by 3.16%. The stock also reached an intraday high of Rs 1374 and its moving averages are higher than the 5, 50, 100, and 200 day averages. MarketsMojo has given a 'Hold' call for the stock.

Torrent Power Ltd., a largecap company in the power industry, saw a positive performance on May 14, 2024, with a gain of 4.22%. This outperformed the sector by 3.16%, indicating a strong performance by the company.

The stock of Torrent Power Ltd. also touched an intraday high of Rs 1374, showing a 4.37% increase. The stock's moving averages are currently higher than the 5 day, 50 day, 100 day, and 200 day moving averages, but lower than the 20 day moving average.

In comparison to the Sensex, Torrent Power Ltd. had a 1 day performance of 4.22%, while the Sensex only had a 0.15% performance. Over the past month, Torrent Power Ltd. has seen a -13.33% performance, while the Sensex had a -1.83% performance.

MarketsMOJO has given a 'Hold' call for Torrent Power Ltd., indicating a neutral stance on the stock. This recommendation is based on the company's current performance and does not mention any future potential or investor interest.

Overall, Torrent Power Ltd. has shown a strong performance in the power industry, outperforming the sector and the Sensex. With a 'Hold' call from MarketsMOJO, investors may want to keep an eye on the stock's performance in the coming days.
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