Strong Price Momentum and Market Outperformance
Ausom Enterprise’s stock price rose by ₹10.5, or 9.56%, as of 08:38 PM on 02-Dec, reflecting a notable intraday high of ₹120.8, which represents a 9.97% increase from the previous close. This sharp rise contrasts with the intraday low of ₹106.75, down 2.82%, indicating a wide trading range of ₹14.05 during the session. Despite this volatility, the stock demonstrated resilience by closing near its peak levels.
Importantly, the stock outperformed its sector by 9.53% on the day, signalling strong relative strength. This outperformance is further underscored by the stock’s returns over various time horizons, which have consistently exceeded those of the Sensex. For instance, over the past week, Ausom Enterprise gained 9.61%, ...
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