Rajoo Engineers' Stock Sees Strong Performance and Positive Outlook Amidst Market Turmoil

Rajoo Engineers, a smallcap company in the plastic products industry, saw a positive start to its trading day as the stock opened with a gain of 5.0%. This outperformance continued throughout the day as the stock touched an intraday high of Rs 393.85, a 5% increase from its previous close.

In terms of performance, Rajoo Engineers has been gaining for the last two days and has seen a 10.24% increase in returns during this period. This is a positive sign for investors, especially considering the current market conditions.

The stock is also trading higher than its 5 day, 20 day, 50 day, 100 day, and 200 day moving averages, indicating a strong upward trend. This is further supported by the fact that Rajoo Engineers has outperformed its sector by 4.78% today.

In comparison to the Sensex, Rajoo Engineers has shown a 1 day performance of 5.00% while the Sensex has only seen a 0.91% increase. Similarly, over the past month, Rajoo Engineers has outperformed the Sensex with a 3.78% increase compared to the Sensex's -3.92% decrease.

Based on these factors, MarketsMOJO has given a 'Hold' call for Rajoo Engineers' stock. With its strong performance and positive outlook, Rajoo Engineers is definitely a company to keep an eye on in the plastic products industry.