GE Power India's Stock Price Soars to New 52-Week High, Outperforms Sector and Market

Jul 08 2024 10:50 AM IST
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On July 8, 2024, GE Power India Ltd, a smallcap company in the capital goods industry, saw a significant increase in its stock price, closing at Rs. 529.7, its new 52-week high. According to MarketsMojo, the stock has been on a consecutive gain for the last 4 days, with a total return of 29.87%. It has also outperformed the sector by 10.53%. Despite high volatility, the stock is currently trading above its moving averages and has outperformed the Sensex by 10.24% in the last 1 day and 60.80% in the last 1 month.

GE Power India Ltd, a smallcap company in the capital goods industry, has seen a significant increase in its stock price on July 8, 2024. The stock has gained 9.97%, closing at Rs. 529.7, which is also its new 52-week high. This performance has outperformed the sector by 10.53%.

According to MarketsMOJO, a leading stock analysis platform, the stock of GE Power India has been on a consecutive gain for the last 4 days, with a total return of 29.87% in this period. The stock has also been a part of the Hidden Turnaround list on MarketsMOJO since May 22, 2024.

The stock has shown high volatility today, with an intraday volatility of 7.35%, calculated from the weighted average price. However, GE Power India is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

In comparison to the overall market performance, GE Power India has outperformed the Sensex by 10.24% in the last 1 day and 60.80% in the last 1 month. This shows a strong performance by the company, despite the market's overall negative trend.

Investors and experts have not been mentioned in this article, as it aims to provide neutral and fact-based information about the stock's performance. This news article is for informational purposes only and does not recommend any action or decision regarding the stock.
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