Palco Metals, a microcap company operating in the aluminium and aluminium products sector, has attained a significant milestone by reaching an all-time high of ₹278.95 on December 20, 2024. This accomplishment underscores the company's robust market presence.
On the day, Palco Metals outperformed its sector by 5.01 per cent, marking the eighth consecutive trading session of gains, resulting in a notable 47.59 per cent return during this period. The stock commenced trading with a substantial gain of 4.99 per cent, maintaining its price throughout the session.
In terms of moving averages, Palco Metals is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a strong upward trajectory.
Over the past year, the company has delivered an impressive performance, boasting a staggering 320.99 per cent increase, significantly outpacing the Sensex, which recorded a 12.22 per cent rise. Palco Metals' recent achievements highlight its strong position in the aluminium sector, rendering it a noteworthy player in the market.
Responses
