Suraj Ltd's Stock Reaches All-Time High, Outperforms Sector and Sensex

Sep 14 2024 09:20 AM IST
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Suraj Ltd, a microcap company in the steel/sponge iron/pig iron industry, has reached an all-time high price of Rs. 479 on September 14, 2024. The stock has outperformed the sector by 3.58% and gained 47.82% in the last four days. Its impressive performance over the past year, with a 213.83% increase, highlights its strong growth and potential in the industry. The stock is currently trading above its moving averages, indicating a positive trend.

Suraj Ltd, a microcap company in the steel/sponge iron/pig iron industry, has recently reached an all-time high price of Rs. 479 on September 14, 2024. This has caught the attention of investors and market analysts, with MarketsMOJO giving a 'Hold' call for the stock.

The stock has been performing well, outperforming the sector by 3.58% and gaining for the last four consecutive days. In this period, it has seen a significant increase of 47.82% in returns. Today, the stock touched an intraday high of Rs. 479, showing a growth of 7.88%.

Suraj Ltd's performance over the past year has been impressive, with a 213.83% increase compared to Sensex's 22.86% performance. This highlights the company's strong growth and potential in the industry.

The stock 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 price movement.

Suraj Ltd's success can be attributed to its strong presence in the steel/sponge iron/pig iron industry and its consistent growth in the market. With its recent all-time high price, the company is poised for further growth and success in the future.
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