National General Industries' Stock Outperforms Despite 'Strong Sell' Rating

National General Industries, a microcap company in the iron and steel industry, has been making headlines lately with its stock performance. According to MarketsMOJO, the stock has been given a 'Strong Sell' rating, indicating a potential decline in the near future.

Despite this, the stock opened today with a gain of 4.29%, outperforming the sector by 3.3%. This marks the third consecutive day of gains for the company, with a total increase of 13.38% in this period. The stock also opened with a gap up, further adding to its positive momentum.

In terms of intraday trading, National General Industries reached a high of Rs 90, a 4.29% increase, and a low of Rs 83.8, a 2.9% decrease. This shows a volatile trading day for the company, but overall, it is trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

Comparing its performance to the Sensex, National General Industries has outperformed in both the 1-day and 1-month periods, with a 0.50% and 4.89% increase respectively, while the Sensex has only seen a 0.25% and 3.94% increase in the same time frames.

Despite the positive stock performance, it is important to note that MarketsMOJO has given a 'Strong Sell' rating for National General Industries. As a microcap company in the iron and steel industry, investors should carefully consider their options and do their own research before making any investment decisions.