Summit Securities Starts Strong with 5.63% Gain, Outperforms Sector and Market
Summit Securities, a smallcap finance/NBFC company, had a strong start to the day with a 5.63% gain, outperforming the sector by 1.51%. Despite high volatility, the stock has been trading above its moving averages, indicating a positive trend. It has also outperformed the overall market in the past month. MarketsMojo has given a 'Hold' call for the stock.
Summit Securities, a smallcap company in the finance/NBFC industry, saw a positive start to the day as its stock opened with a gain of 5.63%. This outperformed the sector by 1.51%, indicating a strong start for the company. The stock continued to show strength as it touched an intraday high of Rs 2848, with a high volatility of 6.44%.
Despite the high volatility, Summit Securities has been 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 overall market performance, Summit Securities has shown a 1 day performance of 2.81% while the Sensex has seen a -0.17% performance. Over the past month, Summit Securities has also outperformed the Sensex with a performance of -1.70% compared to -5.29% for the Sensex.
Based on these factors, MarketsMOJO has given a 'Hold' call for Summit Securities. Investors are advised to closely monitor the stock's performance and make informed decisions.
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