Eveready Industries India's Stock Reaches All-Time High, Shows Strong Performance and Potential for Growth

Aug 12 2024 10:15 AM IST
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Eveready Industries India, a smallcap company in the battery industry, has been making headlines with its stock price reaching an all-time high on August 12, 2024. The stock has outperformed the sector and is currently trading above its moving averages, indicating a strong upward trend. With a 32.26% performance in the past year, the company shows potential for growth and positive returns for investors.

Eveready Industries India, a smallcap company in the battery industry, has been making headlines recently with its stock price reaching an all-time high on August 12, 2024. This has caught the attention of investors and market experts, with MarketsMOJO giving a 'Buy' call for the stock.

The company's stock has also been a part of Hidden Turnaround on MarketsMOJO since August 14, 2023, indicating a positive trend for the company. In terms of price performance, Eveready Industries India is currently 1.5% away from its 52-week high of Rs 462.95. It has also outperformed the sector by 2.56% today and has been on a consecutive gain for the last 2 days, with a 10.14% increase in returns during this period. The stock also touched an intraday high of Rs 462.85, showing a 4.76% increase.

In terms of moving averages, Eveready Industries India is trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend for the stock.

In the past year, Eveready Industries India has shown a strong performance of 32.26%, outperforming the Sensex's performance of 21.45%. This showcases the company's potential for growth and its ability to deliver positive returns for its investors.

Overall, Eveready Industries India is a promising smallcap company in the battery industry, with a strong stock performance and positive outlook. With MarketsMOJO's 'Buy' call and its inclusion in Hidden Turnaround, it is definitely a stock to keep an eye on for potential investors.
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