Arihant Capital Markets reaches all-time high, outperforms sector and Sensex

Arihant Capital Markets, a smallcap company in the finance/NBFC industry, has been making waves in the stock market as its price reached an all-time high on September 12, 2024. This positive development has caught the attention of investors and market experts, with MarketsMOJO giving the stock a 'Buy' call.

The stock is currently trading at a price that is only 2.95% away from its 52-week high of Rs 105.45, indicating a strong performance in the market. In fact, Arihant Capital has outperformed the sector by 2.04% today, showcasing its potential for growth.

Notably, the stock has been on a consecutive gain streak for the last 2 days, with a 2.83% increase in returns during this period. It also opened with a gain of 2.14% today and reached an intraday high of Rs 103.32, showing its strong momentum.

Arihant Capital has also displayed high volatility today, with an intraday volatility of 55.25%. However, this has not affected its overall performance, as the stock is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

In terms of its 1-year performance, Arihant Capital has outshined the Sensex with a 65.10% increase, while the Sensex has only seen a 21.81% growth. This further highlights the company's strong performance and potential for growth in the future.

With its recent all-time high and positive market indicators, Arihant Capital Markets is definitely a stock to watch out for in the finance/NBFC industry. Investors can consider adding it to their portfolio for potential returns.