Hariom Pipe Industries Reaches All-Time High, Outperforms Sector and Sensex

Hariom Pipe Industries, a smallcap company in the iron and steel industry, has recently reached an all-time high price of Rs. 833.1 on August 23, 2024. This has caught the attention of investors and market analysts, with MarketsMOJO giving a 'Hold' rating for the stock.

The stock has shown strong performance today, outperforming the sector by 1.02%. It has also been on a consecutive gain streak for the past 3 days, with a 16.28% increase in returns during this period. The intraday high of Rs. 833.1 (2.34%) and high volatility of 14.32% (calculated from weighted average price) further highlight the stock's strong performance.

In terms of moving averages, Hariom Pipe is currently trading above the 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a positive trend for the stock.

Comparing the 1-year performance of Hariom Pipe Industries to the Sensex, the company has shown a 44.35% increase, while the Sensex has only grown by 24.02%. This further showcases the strong performance of the company in the iron and steel industry.

Overall, Hariom Pipe Industries has shown impressive growth and performance, making it a promising stock for investors to keep an eye on. With its recent all-time high and positive trend, the company is definitely one to watch in the smallcap segment of the iron and steel industry.