Rainbow Foundations Achieves All-Time High Amid Strong Sector Outperformance and Volatility

Jan 13 2025 09:36 AM IST
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Rainbow Foundations, a microcap in the construction and real estate sector, achieved an all-time high of Rs. 49.45 on January 13, 2025, following a notable two-week performance with a 69.12% increase. The stock has consistently outperformed its sector and delivered a remarkable 234.84% return over the past year.
Rainbow Foundations, a microcap player in the construction and real estate sector, has reached a new milestone by hitting an all-time high of Rs. 49.45 on January 13, 2025. This achievement comes after a remarkable two-week performance, where the stock surged by 69.12%.

Despite starting the day with a 2.63% loss, the stock rebounded to touch an intraday high of Rs. 49.45, reflecting a 2.44% increase from the previous close. The intraday low was noted at Rs. 47, showcasing some volatility during the trading session.

The company has consistently outperformed its sector, exceeding sector averages by 3.85% today. Furthermore, Rainbow Foundations is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a robust upward trend. Over the past year, the stock has delivered an impressive return of 234.84%, significantly outpacing the Sensex's return of 5.86%.
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