SPML Infra Hits 52-Week High, Outperforms Sector and Sensex in Past Year

SPML Infra, a smallcap company in the capital goods industry, has recently hit a 52-week high on September 25th, 2024. The stock has been given a 'Sell' call by MarketsMOJO, indicating a potential decline in its price.

On the day of the 52-week high, the stock opened with a gain of 2.91% and touched an intraday high of Rs. 306. However, it underperformed the sector by -3.39% and closed at Rs. 283.85, which is a decrease of -4.54% from its intraday high.

This trend reversal comes after three consecutive days of gains for the stock. It is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in its performance.

In the past year, SPML Infra has shown a significant growth of 442.17%, outperforming the Sensex's performance of 28.59%. This showcases the company's strong performance and potential for growth in the capital goods industry.

Investors and experts are closely watching the developments of SPML Infra, as it continues to make strides in the market. With its recent 52-week high, the company is proving to be a strong player in the industry and is worth keeping an eye on.