Amidst a major downturn in the stock market on Monday, with Sensex and Nifty dropping nearly 2%, one penny stock—Gravity India Limited (BOM: 532015)—has stood out. According to experts, the drop in the broader market is linked to events like the U.S. presidential election on November 5 and the Federal Reserve policy meeting on November 7, 2024. Yet, Gravity India Limited’s stock bucked this trend and recorded significant gains.
Gravity India Limited’s Stock Performance 📈
On Monday, Gravity India Limited saw a 20% surge, followed by a further 9.89% increase on Tuesday, trading at ₹8.00. Previously, on October 30, the stock saw another 20% jump, with a 52-week high of ₹7.28 and a low of ₹3.73. The stock has been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which technical charts indicate as a positive signal.
Impressive Returns for Investors 💹
Gravity India Limited’s stock has provided substantial returns to long-term investors:
- Last 1 Month: 60% return
- Long-Term Return: 522%
Over the past one and a half months, this penny stock has shown an impressive rally, making it a focal point for investors looking for high-growth potential.
Summary of Gravity India Limited’s Stock Performance 📊
| Performance Period | Return | Key Insight |
|---|---|---|
| 1 Month | 60% | Recent rally |
| Long-Term | 522% | Significant growth over time |
| Technical Overview | Moving Average Levels |
|---|---|
| Current Price | Above 5, 20, 50, 100, 200-day MA |
| 52-Week High | ₹7.28 |
| 52-Week Low | ₹3.73 |
Important Disclaimer 📉
Investing in mutual funds and stock markets involves risk. Consult your financial advisor before making any investment decisions.
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