Sundaram Brake Linings Hits All-Time High Amid Strong Market Performance

Dec 30 2024 09:40 AM IST
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Sundaram Brake Linings has recently been added to MarketsMojo's list following a revision in its score, reflecting its strong market performance. The stock has shown resilience, reversing a two-day decline and outperforming its sector. With significant gains over the past year, it continues to demonstrate robust upward momentum.
Sundaram Brake Linings, a microcap player in the auto ancillary sector, has recently achieved an all-time high price of Rs 1364 on December 30, 2024. The stock has demonstrated notable resilience, outperforming its sector by 11.14% today, despite opening with a loss of 4.29%.

Throughout the trading session, the stock exhibited significant volatility, with an intraday fluctuation of 8.09%. It reached a day's high of Rs 1364, reflecting a gain of 12.54%, while the intraday low was recorded at Rs 1160.05.

In terms of moving averages, Sundaram Brake Linings is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a strong short- to long-term performance trend. Over the past year, the company has delivered an impressive return of 116.72%, significantly outpacing the Sensex, which has seen a return of 8.65%. This performance underscores Sundaram Brake Linings' robust position within the auto ancillary industry.
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