Strong Short-Term Momentum Drives Price Increase
Mahalaxmi Rubtec’s share price appreciation on 02-Dec is supported by its robust short-term performance metrics. Over the past week, the stock has gained 2.64%, significantly outpacing the Sensex’s modest 0.65% rise during the same period. This upward momentum extends over the last month, with the stock advancing 7.09% compared to the Sensex’s 1.43% increase. Such relative strength indicates that investors are favouring Mahalaxmi Rubtec amid broader market fluctuations.
On the day in question, the stock reached an intraday high of ₹230.30, marking a 4.18% increase from its previous close, before settling slightly lower but still maintaining a solid gain. The intraday low was ₹216.45, down 2.08%, suggesting some volatilit...
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