Radix Industries (India) Ltd Hits 52-Week High, Outperforms Sector and Sensex

Feb 06 2024 09:37 AM IST
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Radix Industries (India) Ltd, a microcap company in the miscellaneous industry, has hit a 52-week high on February 6th, 2024. The stock is currently trading at Rs.162.1, with a 4.99% increase from its previous close. Despite underperforming the sector today, the stock has shown a strong performance in the past year, outperforming the Sensex. MarketsMojo recommends holding onto current positions in the company.


Radix Industries (India) Ltd, a microcap company in the miscellaneous industry, has recently hit a 52-week high on February 6th, 2024. The stock is currently trading at Rs.162.1, which is a 4.99% increase from its previous close. However, it has underperformed the sector by -3.37% today.

According to MarketsMOJO, a leading stock analysis and recommendation platform, the stock's call is 'Hold'. This means that investors should hold onto their current positions in Radix Industries (India) Ltd.

The stock's performance today has been volatile, with an intraday high of Rs.162.1 and an intraday low of Rs.147. This can be attributed to market fluctuations and investor sentiment.

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

Over the past year, Radix Industries (India) Ltd has shown a strong performance with a 106.75% increase, outperforming the Sensex's performance of 18.82%. This showcases the company's growth potential and its ability to generate returns for its investors.

In conclusion, Radix Industries (India) Ltd has shown a strong performance in the past year and has recently hit a 52-week high. While the stock's performance today has been volatile, it is currently trading higher than its moving averages. Investors should consider holding onto their positions in the company, as recommended by MarketsMOJO.
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