Mangal Credit & Fincorp Surges to 52-Week High, Outperforming Sector and Sensex

Jul 29 2024 01:05 PM IST
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Mangal Credit & Fincorp, a microcap finance company, has seen a surge in its stock price, reaching a 52-week high on July 29, 2024. Despite being given a 'Sell' call by MarketsMojo, the stock has consistently outperformed the sector and has shown remarkable growth in the past year, showcasing its resilience and potential for success in the competitive finance industry.

Mangal Credit & Fincorp, a microcap finance company, has recently seen a surge in its stock price, reaching a 52-week high on July 29, 2024. The stock has been given a 'Sell' call by MarketsMOJO, a leading financial analysis platform.

On July 29, the stock hit a new high of Rs. 129, outperforming the sector by 2.74%. The stock also saw an intraday high of Rs. 129, a 3.2% increase from the previous day. Mangal Credit's performance has been consistently strong, with the stock trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

In the past year, Mangal Credit & Fincorp has shown a remarkable growth of 37.16%, outperforming the Sensex's performance of 23.21%. This is a testament to the company's strong financials and its ability to navigate through the challenges faced by the finance industry.

Mangal Credit & Fincorp, as a microcap company, has shown resilience and potential for growth in the competitive finance industry. With its consistent performance and positive outlook, the company is poised for further success in the future.
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