Manoj Vaibhav Gems N Jewellers Surges 9.62%, Outperforming Sector and Market Indices

Dec 30 2024 11:05 AM IST
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Manoj Vaibhav Gems N Jewellers has been added to MarketsMojo's list following a revision in its score, reflecting its strong market performance. The stock has outperformed its sector and the broader market, demonstrating resilience with significant gains over recent days and a positive trend in moving averages.
Manoj Vaibhav Gems N Jewellers, a small-cap player in the diamond and gold jewellery sector, has demonstrated notable performance in recent trading sessions. On December 30, 2024, the stock surged by 9.62%, significantly outperforming its sector by 9.91%. Over the past two days, the stock has shown a consecutive gain, accumulating a total return of 10.21%.

Despite opening the day with a loss of 2.65%, the stock rebounded to reach an intraday high of Rs 256.65, reflecting a rise of 9.49%. The day's trading also saw a low of Rs 228.2.

In terms of moving averages, Manoj Vaibhav Gems N Jewellers is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong short- to long-term performance trend.

In comparison to the broader market, the stock's one-day performance of 14.70% stands in stark contrast to the Sensex, which experienced a slight decline of 0.08%. Over the past month, the stock has gained 15.71%, while the Sensex has fallen by 1.47%.
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