Ratnaveer Precision Engineering Ltd's Stock Price Soars 10.03% on November 22, 2024

Nov 22 2024 10:05 AM IST
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On November 22, 2024, Ratnaveer Precision Engineering Ltd's stock price increased by 10.03%, outperforming the sector by 9.51% and trading higher than its moving averages. This reflects the company's strong performance and potential for growth in the steel/sponge iron/pig iron industry.

Ratnaveer Precision Engineering Ltd, a smallcap company in the steel/sponge iron/pig iron industry, saw a significant increase in its stock price on November 22, 2024. The stock gained 10.03%, closing at Rs 246.35. This performance was deemed 'Hold' by MarketsMOJO, a leading stock market analysis platform.

The stock is currently trading at a price that is 2.72% away from its 52-week high of Rs 252.7. It also outperformed the sector by 9.51% on the same day. Ratnaveer Precision Engineering Ltd opened with a gain of 2.18% and reached an intraday high of Rs 246.35, which is a 9.78% increase from its opening price.

In terms of moving averages, Ratnaveer Precision Engineering Ltd is 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.

On a broader scale, Ratnaveer Precision Engineering Ltd has outperformed the Sensex by 10.25% in the past day and 36.01% in the past month. In comparison, the Sensex's performance was only 0.60% and -3.24%, respectively.

Ratnaveer Precision Engineering Ltd's strong performance in the stock market is a reflection of its growth and stability in the steel/sponge iron/pig iron industry. With its stock price on the rise, investors may want to keep an eye on this smallcap company.
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