Mukat Pipes' Stock Soars with 11-Day Gain Streak and Impressive 70.02% Returns

Mukat Pipes, a microcap company in the iron and steel industry, has been making headlines recently with its impressive stock performance. According to MarketsMOJO, the stock has been on a consecutive 11-day gain streak and has seen a remarkable 70.02% increase in returns during this period. This has led to the stock being called a 'Sell' by MarketsMOJO.

The company's stock hit a new 52-week high of Rs.16.22 today, outperforming the sector by 5.15%. In addition, Mukat Pipes is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend.

In comparison to the overall market performance, Mukat Pipes has outperformed the Sensex by a significant margin. Its 1-day performance stands at 4.98% compared to the Sensex's 0.25%, while its 1-month performance is an impressive 129.42% compared to the Sensex's 3.94%.

Despite the positive stock performance, it is important to note that this article is not making any recommendations or predictions about the future potential of Mukat Pipes. It is simply stating the facts and figures based on the current stock performance. Investors are advised to do their own research and make informed decisions.