Chandrima Mercantiles Achieves Record Stock Price Amid Strong Market Performance

Chandrima Mercantiles, a microcap player in the finance and non-banking financial company (NBFC) sector, has achieved a notable milestone by reaching an all-time high stock price of Rs. 100.75. This achievement underscores the company's strong performance, particularly as it has outperformed its sector by 2.92% today and has experienced gains for ten consecutive trading days, totaling an impressive 21.8% increase during this period.
The stock's stability is evident as it opened at Rs. 100.75 and has maintained this price throughout the trading day. Additionally, Chandrima Mercantiles is trading above its key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a robust upward trend. Over the past year, the stock has surged by an extraordinary 1479.15%, significantly outpacing the broader market, as reflected by the Sensex's modest increase of 6.07%. This performance highlights the company's strong market position and positive momentum in the financial sector.