Arihant Capital Markets' Stock Reaches All-Time High, Outperforms Sector and Sensex

Arihant Capital Markets, a smallcap finance company, has been making waves in the stock market as its price reached an all-time high on September 14, 2024. This positive trend has been further reinforced by MarketsMOJO's 'Buy' call on the stock.

The stock has been performing exceptionally well, with a new 52-week high of Rs.108 being hit today. In fact, it has outperformed the sector by 1.15% and has been on a consecutive gain for the last 3 days, with a 7.36% increase in returns during this period. The stock also opened with a gain of 2.85% today and touched an intraday high of Rs.108, showing a strong upward momentum.

Moreover, Arihant Capital is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in the stock's performance. This is a clear indication of the company's strong financials and growth potential.

In the past year, Arihant Capital Markets has shown an impressive performance of 63.04%, outshining the Sensex's performance of 22.86%. This further solidifies the company's position as a strong player in the finance/NBFC industry.

With its consistent growth and positive outlook, Arihant Capital Markets is definitely a stock to watch out for in the market. Investors can consider adding it to their portfolio for potential long-term gains.