Patel Engineering's Stock Sees 5.23% Increase, Outperforms Sector and Sensex

Patel Engineering, a midcap company in the capital goods industry, saw a 5.23% increase in its stock on June 11, 2024. This rise in stock price was in line with the overall performance of the sector, which saw a gain of 2%.

According to MarketsMOJO, a leading stock analysis and recommendation platform, the current call for Patel Engineering's stock is 'Hold'. This is based on the company's performance today, where it outperformed the sector by 4.59%.

The stock has been on a consecutive gain streak for the past 5 days, with a total return of 17.63% in that period. It also reached an intraday high of Rs 64.8, showing a high volatility of 5.16%. This volatility was calculated from the weighted average price.

In terms of moving averages, Patel Engineering is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a positive trend for the company's stock.

Compared to the overall performance of the Sensex, Patel Engineering's stock has outperformed with a 1-day performance of 4.98% versus the Sensex's 0.24%. In the past month, the company's stock has also shown a strong performance of 13.30%, compared to the Sensex's 5.52%.

Overall, Patel Engineering's stock has shown a positive trend and has been performing well in the capital goods industry. With a 'Hold' call from MarketsMOJO, investors may want to keep an eye on the company's stock for potential future growth.