Veer Energy & Infrastructure Ltd's Stock Performance Gains Attention Despite 'Sell' Call

Jan 08 2024 10:32 AM IST
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Veer Energy & Infrastructure Ltd, a microcap company in the power industry, has gained attention for its recent stock performance. Despite opening with a 5.77% gain, MarketsMojo has given a 'Sell' call for the stock. It has been on a 7-day winning streak, hitting a new 52-week high and outperforming the sector. However, it is trading above its moving averages and has outperformed the Sensex in both 1-day and 1-month performance.

Veer Energy & Infrastructure Ltd, a microcap company in the power industry, has been making headlines with its recent stock performance. According to MarketsMOJO, the stock has been given a 'Sell' call, despite opening today with a gain of 5.77%.

The stock has been on a roll for the past 7 days, gaining 34.29% in returns. It also hit a new 52-week high of Rs.24.9 today, outperforming the sector by 8.43%. This high volatility is reflected in its intraday high of Rs.24.9, which is a 19.71% increase from the previous day's close.

Veer Energy & Infrastructure Ltd has also been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in the stock's performance.

In comparison to the Sensex, Veer Energy & Infrastructure Ltd has outperformed with a 1-day performance of 10.38% versus Sensex's 0.01%. Its 1-month performance is also impressive at 29.94%, while the Sensex has only seen a 3.16% increase.

Despite the positive performance, MarketsMOJO has given a 'Sell' call for Veer Energy & Infrastructure Ltd. Investors should carefully consider this information before making any investment decisions.
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