Z F Steering Gear (India) Ltd's Stock Price Surges 7.02% on Strong Market Performance

Oct 14 2024 11:15 AM IST
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Z F Steering Gear (India) Ltd, a leading auto ancillary company, experienced a 7.02% increase in its stock price on October 14th, reaching a new 52-week high. The company has been performing well in the market, with its stock outperforming the sector by 2.3%. It is currently trading above its moving averages, indicating potential for future growth.

Z F Steering Gear (India) Ltd, a leading auto ancillary company, saw a significant increase in its stock price on October 14th, gaining 7.02%. The stock has been on a positive trend for the past two days, with a consecutive gain of 12.41% during this period. This surge in stock price can be attributed to the company's strong performance in the market.

The stock of Z F Steering Gear (India) Ltd hit a new 52-week high of Rs.1906 on October 14th, outperforming the sector by 2.3%. The stock also touched an intraday high of Rs.1906, showing a 6.18% increase. This indicates a positive sentiment among investors towards the company.

Z F Steering Gear (India) Ltd is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which is a positive sign for the company. This indicates a strong performance and potential for future growth.

In comparison to the Sensex, Z F Steering Gear (India) Ltd has outperformed with a 1-day performance of 7.02% compared to Sensex's 0.59%. In the past month, the company's stock has shown a 14.01% increase, while the Sensex has seen a decline of -1.24%.

Overall, Z F Steering Gear (India) Ltd has shown a strong performance in the market, with a positive trend in its stock price. Investors are advised to hold onto their stocks, as suggested by MarketsMOJO, and keep an eye on the company's future developments.
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