Alicon Castalloy's Stock Reaches All-Time High, Outperforms Sector by 3.29%

Alicon Castalloy, a smallcap company in the auto ancillary industry, has been making headlines in the stock market as its share price reached an all-time high of Rs.1520 on September 2nd, 2024. This comes after the company's stock has been on an upward trend, outperforming the sector by 3.29% and gaining after two consecutive days of fall.

The stock opened with a gap up of 3.39% and touched an intraday high of Rs.1520, showing a strong performance for the day. Alicon Castalloy's stock is also trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend.

In the past year, Alicon Castalloy has shown a remarkable performance with a 73.36% increase in its stock price, while the Sensex has only seen a 26.21% growth. This showcases the company's strong potential and growth in the auto ancillary industry.

MarketsMOJO has given a 'Hold' call for Alicon Castalloy's stock, suggesting that investors hold onto their shares for now. With its recent all-time high and consistent growth, Alicon Castalloy is definitely a company to watch out for in the auto ancillary sector.