Balmer Lawrie Investment Ltd's Stock Price Surges, Outperforms Sector and Market

Jun 10 2024 09:32 AM IST
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Balmer Lawrie Investment Ltd, a smallcap finance/NBFC company, saw a 7.36% increase in stock price on June 10, 2024, outperforming the sector by 0.94%. With a 4-day upward trend and high dividend yield of 4.09%, it has shown strong performance and potential for continued growth. MarketsMojo suggests holding onto stocks for now.

Balmer Lawrie Investment Ltd, a smallcap company in the finance/NBFC industry, has seen a significant increase in its stock price on June 10, 2024. The stock has gained 7.36%, outperforming the sector by 0.94%. MarketsMOJO has given a 'Hold' call for the stock.

In terms of price performance, Balmer Lawrie Investment Ltd has been on an upward trend for the past four days, with a 11.66% increase in returns during this period. The stock opened at 822 and has maintained this price since then. It is currently trading higher than its 5 day, 50 day, 100 day, and 200 day moving averages, but lower than its 20 day moving average.

One of the notable features of Balmer Lawrie Investment Ltd is its high dividend yield of 4.09% at the current price. This makes it an attractive option for investors looking for stable returns.

In comparison to the overall market performance, Balmer Lawrie Investment Ltd has outperformed the Sensex by a significant margin. Its 1 day performance is 6.01% compared to the Sensex's 0.22%, and its 1 month performance is 14.45% compared to the Sensex's 5.78%.

Overall, Balmer Lawrie Investment Ltd has shown strong performance in the recent days and has the potential to continue its upward trend. Investors may consider holding onto their stocks for now, as suggested by MarketsMOJO.
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