Meghna Infracon Reaches 52-Week High Amidst High Trading Volatility
Meghna Infracon Infrastructure's stock reached a new 52-week high of Rs. 859.55, reflecting a significant annual increase. Despite a gap down at the start of trading and high volatility, the stock remains above key moving averages, indicating a strong long-term performance trend.
Meghna Infracon Infrastructure, a microcap player in the finance/NBFC sector, has made headlines today as its stock price reached a new 52-week high of Rs. 859.55. This milestone was achieved on February 27, 2025, reflecting a significant upward trend in the company's stock performance over the past year, with an impressive increase of 234.55%, compared to the Sensex's modest growth of 2.05%.Despite this achievement, the stock underperformed its sector by 0.49% today. It opened with a notable gap down, losing 4.33%, but managed to recover slightly, achieving an intraday high of Rs. 859.55, which represents a 2.46% increase from the previous close. The stock also experienced a low of Rs. 750.7, marking a decline of 10.52% during the trading session.
High volatility characterized today's trading, with an intraday volatility of 6.76%. Notably, Meghna Infracon is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong performance trend in the longer term.
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