Meghna Infracon's Strong Market Activity Signals Robust Growth in NBFC Sector

Feb 17 2025 03:50 PM IST
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Meghna Infracon Infrastructure has demonstrated strong market activity, trading near its 52-week high and outperforming its sector. The stock has shown consistent gains over the past five days, with significant returns over the last year, indicating a robust upward trend in its performance.
Meghna Infracon Infrastructure has shown significant activity in the market today, reflecting its robust performance in the finance and non-banking financial company (NBFC) sector. The stock is currently trading close to its 52-week high, just 4.82% away from the peak of Rs 817.35 reached on February 17, 2025.

Today, Meghna Infracon outperformed its sector by 4.21%, continuing a positive trend with a consecutive gain over the last five days, resulting in a total return of 12.84% during this period. The stock recorded an intraday high of Rs 779.75, marking a 4.42% increase, while it also saw a low of Rs 710.3, reflecting a decline of 4.88% at its lowest point.

In terms of moving averages, Meghna Infracon is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. Over the past year, the stock has delivered an impressive return of 239.69%, significantly outpacing the Sensex, which has grown by only 4.93%.
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