Chandrima Mercantiles Achieves All-Time High Amidst Exceptional Yearly Growth in Finance Sector

Jan 17 2025 10:25 AM IST
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Chandrima Mercantiles, a microcap in the finance and NBFC sector, has reached an all-time high stock price of Rs. 109.02, reflecting a remarkable 1379.24% increase over the past year. The stock has shown consistent gains, outperforming its sector and trading above key moving averages, indicating strong market performance.
Chandrima Mercantiles, a microcap player in the finance and non-banking financial company (NBFC) sector, has reached an all-time high stock price of Rs. 109.02 today, marking a significant milestone for the company. Over the past year, it has demonstrated remarkable performance with an impressive increase of 1379.24%, vastly outpacing the Sensex's 7.24% rise during the same period.

Today, the stock outperformed its sector by 1.92%, continuing a strong upward trend characterized by consecutive gains over the last 14 days, resulting in a total return of 31.79% in this timeframe. It opened at Rs. 109.02 and has maintained this price throughout the trading session.

Chandrima Mercantiles is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, underscoring its robust market performance. These achievements reflect the company's significant growth trajectory within the finance industry.
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