Strong Price Momentum and Market Outperformance
The stock of Mangalam Worldwide Ltd has been on a remarkable upward trajectory, hitting a new 52-week and all-time high of ₹283.9 on the day. This surge is underscored by the stock’s outperformance relative to its sector, registering a 2.92% higher gain today. The price appreciation is further supported by the stock trading above all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling robust technical strength and sustained buying interest.
Investor participation has also increased, with delivery volumes on 12 Dec rising by 14.44% compared to the five-day average, indicating growing confidence among shareholders and fresh inflows into the stock. Liquidity remains adequate, a...
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