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Multi Commodity Exchange of India (MCX), a leading finance and non-banking financial company (NBFC) in India, has recently hit a 52-week high on October 18, 2024. This comes as no surprise as the stock has been performing exceptionally well in the market.
According to MarketsMOJO, a leading stock analysis platform, MCX has been given a ‘Strong Buy’ call, making it a favorable choice for investors. The stock has also been a part of MOJO Stocks on MarketsMOJO since August 8, 2024.
On October 18, MCX’s stock price reached an all-time high of Rs. 6601, outperforming the sector by 2.77%. This is a significant achievement for the company and shows its strong performance in the market. The stock also saw a trend reversal after two consecutive days of fall, indicating a positive outlook for the company.
Intraday, MCX’s stock touched a high of Rs. 6601, showing a 3.66% increase. The stock is also trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, further solidifying its strong position in the market.
In the past year, MCX has shown an impressive performance with a 199.52% increase, while the Sensex has only seen a 23.42% increase. This shows the company’s consistent growth and strong financials.
With its recent 52-week high and strong performance in the market, MCX is definitely a stock to watch out for. As a leading player in the finance and NBFC industry, MCX continues to prove its worth and attract investors with its positive and stable outlook.