Short-Term Gains Outpace Sector and Benchmark
The stock’s recent surge is underscored by an 8.13% gain over the past week, significantly outperforming the Sensex’s 2.94% rise during the same period. This momentum is further highlighted by the stock’s consecutive gains over the last two days, accumulating an 8.36% return. On 09-Feb, Muthoot Capital Services Ltd also outperformed its sector by 4.44%, signalling renewed investor interest and positive sentiment in the near term.
Intraday trading saw the stock touch a high of Rs 248.80, marking the 5.74% increase for the day. Notably, the weighted average price indicates that a larger volume of shares traded closer to the day’s lower price, suggesting some profit-taking or cautious trading despite the overall upward movemen...
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