Mangalam Cement's Stock Reaches All-Time High, Outperforms Sector and Sensex

Mangalam Cement, a smallcap company in the cement industry, has recently seen a surge in its stock price, reaching an all-time high on August 30, 2024. According to MarketsMOJO, a leading stock market analysis and recommendation platform, the current stock call for Mangalam Cement is 'Hold'.

The stock is currently trading at a price that is 0.45% away from its 52-week high of Rs 1041. It has also outperformed the sector by 0.52% in today's trading session. The stock has been on a consecutive gain for the last two days, with a 5.29% increase in returns during this period. It has also been trading in a narrow range of Rs 6.2, indicating stability in its price movement.

However, the stock has also shown high volatility today, with an intraday volatility of 32.7%, calculated from the weighted average price. Despite this, Mangalam Cement is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in its performance.

In the past year, Mangalam Cement has shown a remarkable growth of 201.37%, outperforming the Sensex's performance of 26.63%. This showcases the company's strong performance and potential for growth in the cement industry. Investors and analysts are keeping a close eye on Mangalam Cement's stock, as it continues to show promising results.