Shriram Asset Management Co Hits 52-Week High, Outperforms Sector and Sensex

Shriram Asset Management Co, a microcap company in the finance/NBFC industry, has recently reached a new milestone. On July 31st, 2024, the company's stock price hit a 52-week high of Rs. 603.65. This news has caught the attention of investors and market analysts alike.

According to MarketsMOJO, a leading stock market analysis platform, the stock call for Shriram Asset Management Co is 'Sell'. However, the company's recent performance has been impressive, outperforming the sector by 4.9%. The stock has also been on a consecutive gain for the last 4 days, with a 20.73% increase in returns during this period.

Today, the stock opened with a gain of 4.86% and touched an intraday high of Rs. 603.65, a 4.97% increase from the previous day's close. The stock has also been trading in a narrow range of Rs. 0.65, indicating stability in its price movement.

Shriram Asset Management Co's performance over the past year has been remarkable, with a 299.50% increase in its stock price compared to Sensex's 22.51% performance. The company's stock is also trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend.

As a microcap company in the finance/NBFC industry, Shriram Asset Management Co's recent achievement of reaching a 52-week high is a testament to its strong performance and potential for growth. Investors and market analysts will continue to monitor the company's progress and future developments.