Dredging Corporation of India's Stock Reaches 52-Week High, Outperforms Sector by 3.97%

Dredging Corporation of India (DCI) has been making waves in the shipping industry with its recent performance. On July 2nd, the company's stock price reached a 52-week high, showing a strong upward trend. However, according to MarketsMOJO, the stock call for DCI is currently 'Sell'.

Despite this, the company's performance today has outperformed the sector by 3.97%. It has also been on a consecutive gain for the last 2 days, with a rise of 8.87% in returns during this period. The stock touched an intraday high of Rs 1198.5, showing a 3.73% increase, and an intraday low of Rs 1110, with a decrease of 3.93%.

DCI's moving averages also indicate a positive trend, as it is currently trading higher than the 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This suggests that the stock is performing well and has the potential for further growth.

In comparison to the Sensex, DCI has shown a remarkable 1-year performance of 259.45%, while the Sensex has only shown a 22.75% performance. This highlights the company's strong performance and potential for growth in the shipping industry.

Overall, Dredging Corporation of India has shown a strong performance in the past year and continues to show potential for growth. Investors should keep an eye on this smallcap company as it makes waves in the shipping industry.