Wheels India Hits New 52-Week High of Rs. 918, Up 6.31%
Wheels India has achieved a new 52-week high of Rs. 918, reflecting strong performance in the auto components sector. The stock has consistently outperformed its sector and has shown significant growth over the past year, contrasting with broader market trends. Its position above key moving averages indicates a robust price movement.
Wheels India has reached a significant milestone by hitting a new 52-week high of Rs. 918 today, marking a notable increase of 6.31% during intraday trading. This achievement underscores the company's strong performance in the auto components and equipment sector, as it has outperformed its sector by 4.96% today.The stock's upward trajectory is further supported by its position above key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a robust trend in its price movement. Over the past year, Wheels India has demonstrated a solid performance with an 18.44% increase, contrasting sharply with the Sensex, which has seen a decline of 5.58% during the same period.
As the broader market remains positive, with the Sensex trading at 80,779.76, Wheels India’s performance reflects its strong market position within the small-cap segment of the auto components industry. The stock's previous 52-week low was recorded at Rs. 548, highlighting the significant recovery and growth it has experienced over the past year.
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