Inducto Steel's Stock Reaches All-Time High, Outperforming Sector by 20.59%

Jul 13 2024 09:20 AM IST
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Inducto Steel, a microcap trading company, has seen a significant increase in its stock price, reaching an all-time high of Rs. 90.13 on July 13, 2024. Despite a 'Sell' rating from MarketsMojo, the stock has outperformed the sector by 20.59% and is trading above its moving averages, indicating a strong bullish trend.

Inducto Steel, a microcap trading company, has been making waves in the stock market as its price reached an all-time high of Rs. 90.13 on July 13, 2024. This significant increase in stock price has caught the attention of investors and traders alike.

According to MarketsMOJO, a leading stock market analysis platform, the stock call for Inducto Steel is currently 'Sell'. However, the company's performance today has outperformed the sector by 20.59%, indicating a strong upward trend.

In the past two days, Inducto Steel's stock has been on a consecutive gain, rising by 29.5%. Today, the stock opened with a gain of 5.35% and reached an intraday high of Rs. 90.13, showing a high level of volatility with an intraday volatility of 6.89%.

Inducto Steel's performance over the past year has been impressive, with a 172.83% increase compared to Sensex's 23.13% performance. The stock is also trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong bullish trend.

As a microcap company, Inducto Steel's success in the stock market is a testament to its growth potential and strong performance. Investors and traders should keep an eye on this company as it continues to make strides in the trading industry.
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