Shriram Asset Management Co's Stock Reaches All-Time High, Outperforms Sector by 4.86%

Jul 31 2024 09:20 AM IST
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Shriram Asset Management Co, a microcap finance company, has seen its stock price reach an all-time high on July 31st, 2024. The stock is currently rated as a 'Sell' by MarketsMojo, but has been outperforming the sector by 4.86% and consistently trading at a high price of Rs 603. Its impressive growth of 299.50% in the past year showcases its potential in the finance/NBFC industry.

Shriram Asset Management Co, a microcap finance company, has seen its stock price reach an all-time high on July 31st, 2024. According to MarketsMOJO, the stock is currently rated as a 'Sell'. The stock has been performing well, outperforming the sector by 4.86% and gaining 20.6% in the last 4 days. Today, the stock opened with a gain of 4.86% and touched an intraday high of Rs 603. It has been consistently trading at this price since then.

Shriram AMC is also trading higher than its 5 day, 20 day, 50 day, 100 day, and 200 day moving averages, indicating a positive trend in the stock's performance. In the past year, Shriram Asset Management Co Ltd has shown an impressive growth of 299.50%, while the Sensex has only grown by 22.63%.

Despite its microcap size, Shriram Asset Management Co has shown strong performance in the finance/NBFC industry. Its stock reaching an all-time high is a testament to its growth and potential in the market. Investors should keep an eye on this company as it continues to make strides in the industry.
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