Kalyani Forge Achieves Record Stock Price Amid Sector Underperformance and Volatility

Jan 12 2025 09:20 AM IST
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Kalyani Forge achieved an all-time high stock price of Rs. 849.95, marking a significant milestone for the microcap company in the castings and forgings sector. Despite recent volatility, the company has shown impressive growth over the past year, significantly outperforming the Sensex.
Kalyani Forge has reached an all-time high stock price of Rs. 849.95 today, marking a significant milestone for the microcap company in the castings and forgings industry. Despite this achievement, the stock underperformed its sector by 4.67%.

The stock opened with a gain of 3.9% and hit an intraday high of Rs. 849.95, but also faced volatility, dipping to an intraday low of Rs. 777.15. This fluctuation resulted in a trend reversal after three consecutive days of gains.

From a technical perspective, Kalyani Forge is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a positive short-term trend. Over the past year, the company has demonstrated impressive growth, with a performance increase of 68.65%, significantly outpacing the Sensex's growth of 7.98% during the same timeframe.
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