Nelcast Ltd. Stock Sees 7.12% Gain on June 10, Outperforming Sector by 1.96%

Jun 10 2024 10:15 AM IST
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On June 10, 2024, Nelcast Ltd., a smallcap company in the castings and forgings industry, saw a positive trend in its stock performance with a 7.12% gain. It outperformed the sector by 1.96% and has been on a consecutive gain for the last 4 days. However, the stock's moving averages show a mixed trend and it has seen a decline of -2.34% in the last 1 month compared to the Sensex's 5.55% rise.

Nelcast Ltd., a smallcap company in the castings and forgings industry, has seen a positive trend in its stock performance on June 10, 2024. The stock has gained 7.12% on this day, outperforming the sector by 1.96%. The stock has been on a consecutive gain for the last 4 days, with a total rise of 9.86% in this period. It opened with a gap up of 5.24% and touched an intraday high of Rs 145.6.

The moving averages for Nelcast Ltd. are currently higher than the 5-day and 20-day moving averages, but lower than the 50-day, 100-day, and 200-day moving averages. This indicates a mixed trend in the stock's performance.

In comparison to the Sensex, Nelcast Ltd. has performed significantly better in the last 1 day, with a 7.12% gain compared to the Sensex's 0.00% performance. However, in the last 1 month, the stock has seen a decline of -2.34% while the Sensex has seen a rise of 5.55%.

Overall, Nelcast Ltd. has shown a positive trend in its stock performance on June 10, 2024, with a strong gain of 7.12%. However, investors should keep in mind the mixed trend in the moving averages and the recent decline in the stock's performance in the last 1 month. This information is based on factual data and does not include any external sources or recommendations.
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