Lumax Industries' Stock Reaches All-Time High, Outperforms Sector and Moving Averages

Lumax Industries, a leading player in the auto ancillary industry, has recently seen a surge in its stock price. On June 13, 2024, the company's stock reached an all-time high, with a stock call of 'Hold' by MarketsMOJO.

The stock is currently trading at a price that is 1.2% away from its 52-week high of Rs 2910.4. It has also outperformed the sector by 2.87% today and has been on a consecutive gain for the last 3 days, with a rise of 8.44% in this period. The stock opened with a gain of 3.32% today and touched an intraday high of Rs 2875.9, which is a 3.75% increase.

Lumax Industries is also performing well in terms of its moving averages, as it is trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a positive trend for the company's stock.

In the past year, Lumax Industries has shown a strong performance with a 38.40% increase in its stock price, compared to the Sensex's performance of 21.70%. This further highlights the company's growth and potential in the auto ancillary industry.

With its consistent growth and positive performance, Lumax Industries is definitely a company to watch out for in the smallcap segment. Investors can consider holding onto their stocks for now, as the company continues to show promising results.