National General Industries Outperforms Market Despite 'Strong Sell' Rating

National General Industries, a microcap company in the iron and steel industry, has been making headlines in the stock market recently. According to MarketsMOJO, a leading stock analysis platform, the stock has been given a 'Strong Sell' rating.

Despite this, the stock opened today with a gain of 4.99%, outperforming the sector by 2.77%. This is the fourth consecutive day of gains for National General Industries, with a total increase of 13.38% in this period. The stock also opened with a gap up of 4.99% today and reached an intraday high of Rs 91.06.

In terms of moving averages, National General Industries is currently trading higher than its 5 day, 20 day, 50 day, 100 day, and 200 day averages. This indicates a positive trend in the stock's performance.

Comparing the stock's performance to the overall market, National General Industries has outperformed the Sensex by 2.62% in the last 1 day and 12.66% in the last 1 month. This shows that despite the 'Strong Sell' rating, the stock has been performing well in the market.

As a microcap company in the iron and steel industry, National General Industries may not be on the radar of many investors. However, its recent performance in the stock market is worth noting. Whether this trend will continue or not, only time will tell. But for now, National General Industries seems to be defying the odds and making a mark in the market.