Z F Steering Gear (India) Ltd's Stock Reaches 52-Week High, Outperforms Sector

Aug 20 2024 10:05 AM IST
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Z F Steering Gear (India) Ltd, a leading player in the auto ancillary industry, has been gaining momentum in the market with its stock price reaching a 52-week high of Rs.1350 on August 20, 2024. The company has consistently outperformed its sector and has shown a remarkable growth of 72.16% in the past year, making it a strong contender in the market.

Z F Steering Gear (India) Ltd, a leading player in the auto ancillary industry, has been making headlines recently with its stock price reaching a 52-week high of Rs.1350 on August 20, 2024. This smallcap company has been gaining momentum in the market, outperforming its sector by 6.5% and recording a consecutive gain for the last 4 days.

The stock's performance today has been impressive, with an intraday high of Rs.1350 and a return of 13.01% in the period. Z F Steering Gear (India) Ltd has also been consistently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in the market.

In the past year, Z F Steering Gear (India) Ltd has shown a remarkable growth of 72.16%, outpacing the Sensex's performance of 24.47%. This highlights the company's strong position in the auto ancillary industry and its ability to generate returns for its investors.

MarketsMOJO has given a 'Hold' call for Z F Steering Gear (India) Ltd, suggesting that investors hold onto their positions in the company's stock. With its impressive performance and strong market position, Z F Steering Gear (India) Ltd is definitely a company to watch out for in the auto ancillary industry.
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