Recent Price Movement and Market Outperformance
Mangalam Cement has demonstrated a notable upward trajectory in recent trading sessions, with the stock gaining 13.83% over the past week compared to a 0.59% decline in the Sensex. This outperformance extends to the monthly timeframe, where the stock appreciated 3.61% against the benchmark's 1.34% rise. The current rally includes a four-day consecutive gain, accumulating returns of 14.77%, and the stock touched an intraday high of ₹786 on 03-Dec, underscoring strong buying momentum.
The stock's performance today notably outpaced its sector by 7.14%, signalling a shift in investor sentiment favouring Mangalam Cement within the cement industry. Additionally, the share price is trading above all key moving averages—5-day, 20...
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