Inter Globe Finance Hits 52-Week High, Outperforms Sector with Impressive 1-Year Performance

Inter Globe Finance, a microcap finance company, has recently seen a surge in its stock price, reaching a 52-week high on August 12, 2024. The stock has been performing well in the market, with a 'Hold' call from MarketsMOJO.

On August 12, the stock hit a new high of Rs.148.7, outperforming the sector by 4.85%. It has also been on a consecutive gain for the past 5 days, with a 26.74% increase in returns during this period. The stock opened with a gain of 4.98% today and touched an intraday high of Rs.148.7.

Inter Globe Finance is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in the market. This is a significant achievement for the microcap company, showcasing its strong performance and potential for growth.

In comparison to the Sensex performance of 21.65%, Inter Globe Finance has shown an impressive 1-year performance of 428.38%. This further highlights the company's success and its ability to outperform the market.

Inter Globe Finance is a finance company in the NBFC industry, catering to the needs of microcap businesses. With its recent surge in stock price and strong performance, it is definitely a company to watch out for in the finance sector.