Simplex Castings Hits 52-Week High, Outperforms Sector and Sensex

Simplex Castings, a microcap company in the castings and forgings industry, has recently hit a 52-week high on October 22, 2024. The stock has been performing well, with a 'Hold' call from MarketsMOJO.

On October 22, the stock reached a new high of Rs.354.9, outperforming the sector by 2.74%. It has also been on a consecutive gain for the past 3 days, with a 12.36% increase in returns during this period. The intraday high for the stock was Rs.354.9, a 3.15% increase from the previous day.

Simplex Castings is currently trading above 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, Simplex Castings has shown a remarkable growth of 554.78%, while the Sensex has only seen a 24.28% increase. This shows the strong performance of the company in the castings and forgings industry.

Investors can consider holding onto their shares of Simplex Castings, as the stock continues to show positive growth and has received a 'Hold' call from MarketsMOJO. With its recent 52-week high, Simplex Castings is proving to be a promising investment in the microcap market.