Ramco Industries' Stock Price Soars 10.4%, Outperforms Sector and Sensex

Ramco Industries, a smallcap company in the construction material industry, has seen a significant increase in its stock price on June 6th, 2024. The stock has gained 10.4%, outperforming the sector by 8.44%. MarketsMOJO has given a 'Hold' call for the stock.

In today's trading session, Ramco Industries reached an intraday high of Rs 245.3, a 10.9% increase from its previous closing price. The stock has also been highly volatile, with an intraday volatility of 5.67%. This is calculated from the weighted average price.

Ramco Industries has been on a consecutive gain for the last 2 days, with a total return of 12.81% in this period. The stock is also trading higher than its 5 day, 20 day, 50 day, 100 day, and 200 day moving averages.

In the construction material sector, Ramco Industries has gained 2.74%. This shows a positive trend in the sector.

Compared to the performance of the Sensex, Ramco Industries has outperformed with a 1 day performance of 10.47% versus Sensex's 0.43%. In the last month, Ramco Industries has also outperformed the Sensex with a 10.09% return compared to Sensex's 1.09% return.

Overall, Ramco Industries has shown a strong performance in the construction material sector and has gained positive momentum in the stock market. Investors may want to keep an eye on this smallcap company as it continues to show promising growth.