Chandrima Mercantiles Achieves 52-Week High Amid Strong NBFC Sector Momentum

Jan 16 2025 10:35 AM IST
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Chandrima Mercantiles, a microcap in the finance and NBFC sector, has achieved a new 52-week high, reflecting a remarkable 1422.65% increase over the past year. The stock has gained for 13 consecutive days, outperforming the broader sector, which has also seen positive momentum.
Chandrima Mercantiles, a microcap player in the finance and non-banking financial company (NBFC) sector, has reached a new 52-week high of Rs. 106.89 today, marking a significant milestone for the company. Over the past year, it has demonstrated an impressive performance with a staggering increase of 1422.65%, significantly outpacing the Sensex, which has risen by only 5.28% in the same timeframe.

The stock has shown remarkable consistency, achieving gains for 13 consecutive days and delivering a total return of 29.22% during this period. It opened at Rs. 106.89 and has maintained this price level throughout the trading session. Furthermore, Chandrima Mercantiles is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a robust upward trend.

The broader finance and NBFC sector has also experienced positive momentum, with an overall gain of 2.07%. This performance underscores the strong market position of Chandrima Mercantiles within its sector.
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