Eastern Treads Surges 10% and Outperforms Sector, Worth Watching

Eastern Treads, a microcap company in the rubber products industry, has been in the news recently due to its stock performance. According to MarketsMOJO, a leading stock market analysis platform, the stock call for Eastern Treads is 'Sell'. The stock has seen a recent surge, reaching a high of Rs 46.7 after hitting a low of Rs 42.71.

Despite the recent increase, Eastern Treads is still 4.13% away from its 52-week high of Rs 47.9. However, the stock has outperformed the sector by 6.9% today and has shown a trend reversal after two consecutive days of falling. In fact, the stock touched an intraday high of Rs 46.98, a 10% increase.

Eastern Treads is also trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. In comparison to the Sensex, Eastern Treads has shown a 1-day performance of 9.34%, while the Sensex has only seen a 0.25% increase.

As a microcap company in the rubber products industry, Eastern Treads may not be on the radar of many investors. However, with its recent stock performance and outperforming the sector, it is definitely worth keeping an eye on. It will be interesting to see how Eastern Treads continues to perform in the coming days.