Va Tech Wabag Stock Sees 5.1% Increase and 'Hold' Recommendation from MarketsMOJO

Va Tech Wabag, a midcap company in the capital goods industry, saw a 5.1% increase in its stock price on October 16, 2024. This rise in stock price was accompanied by a 'Hold' call from MarketsMOJO, a leading stock market analysis platform.

The stock of Va Tech Wabag hit a new 52-week and all-time high of Rs.1798 on the same day, outperforming the sector by 4.64%. This marks the fifth consecutive day of gains for the company, with a total return of 22.49% in this period. The stock also touched an intraday high of Rs.1798, a 5.39% increase from the previous day.

In terms of moving averages, Va Tech Wabag is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a positive trend for the company's stock.

Compared to the performance of the Sensex, Va Tech Wabag's stock has outperformed with a 1-day performance of 5.33% versus the Sensex's -0.39%. In the past month, the company's stock has also outperformed the Sensex with a 28.81% return compared to the Sensex's -1.79%.

Overall, Va Tech Wabag's stock has shown strong performance in the past few days and has been recommended as a 'Hold' by MarketsMOJO. With its recent rise in stock price and positive moving averages, the company seems to be on a positive trajectory in the capital goods industry.