Chandrima Mercantiles Achieves All-Time High Amidst Strong Market Momentum
Chandrima Mercantiles, a microcap in the finance and NBFC sector, achieved a 52-week and all-time high of Rs. 109.02 on January 17, 2025. The stock has shown strong momentum, gaining 31.79% over the past two weeks and outperforming its sector on the trading day.
Chandrima Mercantiles, a microcap player in the finance and non-banking financial company (NBFC) sector, has reached a significant milestone by hitting a 52-week high of Rs. 109.02 on January 17, 2025. This achievement marks both a new 52-week and all-time high for the stock.On the trading day, Chandrima Mercantiles outperformed its sector by 1.89%. Over the past 14 days, the stock has demonstrated remarkable momentum, gaining 31.79%. It opened at Rs. 109.02 and has maintained this price without fluctuations throughout the trading session.
From a technical perspective, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, signaling a robust upward trend. Over the past year, Chandrima Mercantiles has experienced an extraordinary surge of 1379.24%, significantly outpacing the Sensex, which has recorded a performance of 7.32% during the same period.
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