Udaipur Cement Works' Stock Gains 7.18%, Outperforms Sector and Sensex

Udaipur Cement Works, a smallcap company in the cement industry, has been making headlines with its recent stock performance. On June 21, 2024, the company's stock gained 7.18%, closing at Rs 43.85. This positive movement caught the attention of MarketsMOJO, who have given a 'Buy' call for the stock.

The stock is currently trading close to its 52-week high of Rs 44.4, with a difference of only 1.98%. It has also outperformed the sector by 9.16% in today's trading session. This marks the second consecutive day of gains for Udaipur Cement, with a total increase of 9.34% in the past two days.

Intraday, the stock reached a high of Rs 43.9, showing a significant increase of 8.66%. Udaipur Cement is also trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend.

In comparison to the Sensex, Udaipur Cement has outperformed with a 1-day performance of 6.68% while the Sensex has shown a negative performance of -0.55%. In the past month, Udaipur Cement has also outperformed the Sensex with a 9.73% increase compared to the Sensex's 4.20% increase.

This positive performance of Udaipur Cement Works Ltd is a testament to the company's strong fundamentals and growth potential. Investors can keep an eye on this smallcap company as it continues to make strides in the cement industry.