Liberty Shoes Hits All-Time High, Outperforms Sector by 2.34%

Liberty Shoes, a microcap company in the consumer durables industry, has recently reached an all-time high in its stock price. On October 17, 2024, the stock hit a new 52-week high of Rs. 560, outperforming the sector by 2.34%. The stock has been on a consecutive gain for the last three days, with a 10.24% increase in returns during this period.

Today, the stock opened with a gap up of 2.94% and reached an intraday high of Rs. 560. It has since maintained this price, showing no range in its trading. This is a positive sign for investors, as the stock is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

In the past year, Liberty Shoes has shown a strong performance with a 77.45% increase in its stock price, compared to the Sensex's 22.87% performance. This showcases the company's potential for growth and its ability to outperform the market.

MarketsMOJO has given a 'Hold' call for Liberty Shoes, indicating that investors should hold onto their current positions in the stock. This news is sure to bring a sense of confidence to shareholders and potential investors, as the company continues to show promising growth in the consumer durables industry.