Udaipur Cement Works Sees Revision in Evaluation Amid Strong Performance Metrics

Jan 02 2025 12:50 PM IST
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Udaipur Cement Works has been added to MarketsMojo's list following a recent adjustment in its evaluation. The stock has demonstrated strong performance, outpacing its sector and the broader market. With consistent gains over the past few days, it reflects a positive trend in key financial metrics and market position.
Udaipur Cement Works has recently experienced notable fluctuations in its stock performance, prompting a revision in its evaluation by MarketsMOJO. The small-cap cement company has shown resilience, gaining 7.51% on January 2, 2025, and outperforming its sector by 7.2%. This upward trend marks a significant achievement, as the stock has recorded consecutive gains over the past three days, accumulating a total return of 10.74% during this period.

On the trading day, Udaipur Cement Works opened with a gain of 2.03% and reached an intraday high of Rs 32.73, reflecting a 12.82% increase at its peak. However, the stock has also exhibited high volatility, with an intraday volatility rate of 7.98%.

In terms of moving averages, the stock is currently positioned higher than its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average. This performance has led to Udaipur Cement Works being added to MarketsMOJO's list, highlighting its evolving market position amidst the current financial landscape.
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