Centum Electronics Opens Strong with 8.06% Gain Amidst Market Volatility

Centum Electronics, a small-cap player in the electronics components industry, has shown significant activity today, opening with a notable gain of 8.06%. The stock's performance has outpaced its sector by 1.06%, marking a positive trend over the past three days with a cumulative return of 5.82%.
Today, Centum Electronics reached an intraday high of Rs 1284.95, reflecting high volatility with an intraday fluctuation of 5.04%. Despite this day's gains, the stock has faced challenges over the past month, declining by 33.66%, compared to a 5.62% drop in the Sensex.

In terms of technical indicators, the stock's moving averages are currently higher than the 5-day average but fall below the 20-day, 50-day, 100-day, and 200-day averages. The MACD and RSI indicators suggest a bearish trend on a weekly basis, while the daily moving averages indicate a mildly bullish sentiment. With a beta of 1.35, Centum Electronics is classified as a high beta stock, suggesting it tends to experience larger price movements relative to the market.