Arihant Capital Markets' Stock Reaches 52-Week High, Outperforms Sector and Sensex

Arihant Capital Markets, a smallcap finance company, has been making waves in the stock market with its recent performance. On September 16, 2024, the company's stock price reached a 52-week high of Rs. 114.84, which is a significant milestone for the company.

MarketsMOJO, a leading stock market analysis platform, has given a 'Buy' call for Arihant Capital Markets, further boosting investor confidence in the company. The stock has also outperformed the sector by 2.66% and has been on a consecutive gain for the last 4 days, with a 10.75% increase in returns during this period.

The stock opened with a gain of 3.9% today and touched an intraday high of Rs. 114.84, showing a strong upward trend. Additionally, Arihant Capital Markets is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive sentiment in the market.

In the past year, Arihant Capital Markets has shown a remarkable performance with a 53.66% increase in its stock price, outperforming the Sensex's performance of 22.45%. This showcases the company's strong growth potential and its ability to deliver value to its shareholders.

With its consistent growth and positive outlook, Arihant Capital Markets is definitely a company to watch out for in the finance/NBFC industry. Investors can consider adding this smallcap stock to their portfolio for potential long-term gains.