Orissa Minerals Development Company Hits All-Time High, Outperforms Sector

Sep 20 2024 09:20 AM IST
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Orissa Minerals Development Company (OMDC) has achieved a record high stock price of Rs.9428.4 on September 20, 2024. The midcap company in the miscellaneous industry has been outperforming its sector by 1.99% today, with a 'Hold' recommendation from MarketsMojo. The stock has shown consecutive gains in the last two days and is currently trading above its moving averages, indicating a positive trend. In the past year, OMDC has seen a remarkable growth of 101.62%, making it a promising company for investors.

Orissa Minerals Development Company (OMDC) has reached an all-time high on September 20, 2024, with its stock price hitting Rs.9428.4. This midcap company in the miscellaneous industry has been gaining momentum in the stock market, outperforming its sector by 1.99% today.

According to MarketsMOJO, a leading stock market analysis and recommendation platform, the current call for Orissa Minerals Development Company is 'Hold'. The stock has been on a consecutive gain for the last two days, with a 4.3% increase in returns during this period. The stock opened at Rs.9428.4 and has since maintained this price.

Orissa Minerals Development Company is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in the stock's performance. In the past year, the company has shown a remarkable growth of 101.62%, while the Sensex has only seen a 24.96% increase.

This news of Orissa Minerals Development Company reaching an all-time high is a positive sign for investors, showcasing the company's strong performance in the stock market. With its consistent growth and outperformance in the sector, the company is definitely one to watch out for in the future.
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