KNR Constructions Reaches All-Time High, Receives 'Buy' Call from MarketsMOJO

KNR Constructions, a leading player in the capital goods industry, has recently reached an all-time high in its stock price. On July 31, 2024, the company's stock price touched a record high, showcasing its strong performance and growth potential.

MarketsMOJO, a renowned stock market analysis and research firm, has given a 'Buy' call for KNR Constructions. This further reinforces the positive sentiment surrounding the company's stock.

In terms of price performance, KNR Constructions is currently trading at 0.84% below its 52-week high of Rs 413.6. However, it is still performing in line with the sector and has shown a trend reversal after two consecutive days of gains.

Moreover, the company's stock is trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong uptrend.

In the past year, KNR Constructions has outperformed the Sensex with a 65.16% growth compared to the Sensex's 22.63% growth. This showcases the company's strong financial performance and its ability to generate returns for its investors.

With its strong position in the capital goods industry and a positive outlook from experts, KNR Constructions is definitely a stock to watch out for. Its consistent growth and performance make it a promising investment opportunity for midcap investors.