Shelter Infra Projects' Stock Surges, But Experts Warn of High Volatility

Shelter Infra Projects, a microcap company in the capital goods industry, has recently seen a surge in its stock price. On September 24th, 2024, the company's stock hit a 52-week high of Rs.14.95. However, according to MarketsMOJO, the stock is currently rated as a 'Sell'.

The stock's performance today has been noteworthy, as it has outperformed the sector by 8.01%. It has also been on a consecutive gain streak for the last 3 days, with a 30% increase in returns during this period. However, the stock opened today with a loss of -9.01%, indicating high volatility.

In terms of intraday trading, Shelter Infra's stock reached a high of Rs.14.95 (8.57%) and a low of Rs.12.53 (-9.01%). This high volatility is further reflected in the stock's intraday volatility of 8.81%, calculated from the weighted average price.

Despite the recent surge in stock price, Shelter Infra is still trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a positive trend for the company's stock.

In comparison to the Sensex's performance of 28.66%, Shelter Infra has shown a 1-year performance of 28.99%. While this may seem impressive, it is important to note that this is a microcap company and its stock should be approached with caution.

Overall, Shelter Infra Projects has seen a significant increase in its stock price, but it is important for investors to carefully consider all factors before making any investment decisions.