Meghna Infracon Achieves 52-Week High Amid Strong Market Activity and Small-Cap Gains
Meghna Infracon Infrastructure's stock reached a new 52-week high of Rs. 868.7, reflecting strong market activity after a two-day gain. The company has shown impressive growth over the past year, significantly outperforming the Sensex, while small-cap stocks lead the broader market.
Meghna Infracon Infrastructure has made headlines today as its stock price reached a new 52-week high of Rs. 868.7, marking a significant milestone for the microcap company in the finance/NBFC sector. This achievement comes after a two-day streak of gains, although the stock has recently underperformed its sector by 0.97%. Opening with a notable gain of 3.05%, Meghna Infracon's intraday high reflects strong market activity. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a robust short-term performance trend.
In the broader market context, the Sensex opened positively, gaining 468.06 points and currently trading at 75,984.15, up 0.71%. Small-cap stocks are leading the market, with the BSE Small Cap index rising by 1.46%. Over the past year, Meghna Infracon has demonstrated impressive growth, with a performance increase of 244.34%, significantly outpacing the Sensex's 5.38% rise. The stock's 52-week low stands at Rs. 230.6, highlighting its substantial recovery over the year.
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