Khaitan (India) Stock Reaches All-Time High, Outperforms Sector by 4.57%

Aug 21 2024 09:26 AM IST
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Khaitan (India), a microcap company in the sugar industry, has been making headlines for its impressive stock performance. On August 21, 2024, the stock reached an all-time high and has been outperforming the sector by 4.57% today. It has gained for 9 consecutive days with a 48.33% return. The stock is currently trading higher than its moving averages and has shown a 1-year performance of 121.07%, compared to Sensex's 23.78% increase. MarketsMojo has given a 'Hold' call for the stock, indicating its potential in the sugar industry.

Khaitan (India), a microcap company in the sugar industry, has been making headlines recently as its stock price reached an all-time high on August 21, 2024. The stock has been performing well, outperforming the sector by 4.57% today and gaining for the past 9 consecutive days with a 48.33% return in that period.

Today, the stock opened with a 5% gain and touched an intraday high of Rs 121.63. It has since traded at this price, showing no range. Khaitan (India) is also trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

In comparison to the Sensex, Khaitan (India) has shown an impressive 1-year performance of 121.07%, while the Sensex has only seen a 23.78% increase. This showcases the company's strong growth and potential in the sugar industry.

MarketsMOJO has given a 'Hold' call for Khaitan (India) stock, indicating that it may be a good time to hold onto the stock for now. With its recent success and positive performance, Khaitan (India) is definitely a company to keep an eye on in the sugar industry.
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