Usha Martin's Stock Sees 5.04% Increase, Outperforms Sector and Sensex on October 10th

Oct 10 2024 01:50 PM IST
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Usha Martin, a midcap company in the steel/sponge iron/pig iron industry, saw a 5.04% increase in its stock price on October 10, 2024. This was noted by MarketsMojo, who have given a 'Hold' call for the stock. The stock outperformed the sector by 4.27% and its moving averages are showing a positive trend. It also outperformed the Sensex by 5.95% on the same day.

Usha Martin, a midcap company in the steel/sponge iron/pig iron industry, saw a 5.04% increase in its stock price on October 10, 2024. This positive performance was noted by MarketsMOJO, who have given a 'Hold' call for the stock.

The stock of Usha Martin outperformed the sector by 4.27% on the same day, reaching an intraday high of Rs 361.25, which is a 5.44% increase. The stock's moving averages are also showing a positive trend, with it being higher than the 5, 20, 50, and 200 day moving averages. However, it is currently lower than the 100 day moving average.

In comparison to the Sensex, Usha Martin's stock performance for the day was 5.95%, while the Sensex only saw a 0.27% increase. Over the past month, Usha Martin's stock has seen a -1.09% change, while the Sensex has seen a -0.28% change.

Usha Martin's stock performance is a reflection of the company's strong position in the steel/sponge iron/pig iron industry. With a 'Hold' call from MarketsMOJO, investors can continue to monitor the stock's performance and make informed decisions.
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