A microcap firm in the tea and coffee sector, Mcleod Russell India, has reached a 52-week high on December 2, 2024. This has drawn the interest of analysts and investors, as evidenced by MarketsMOJO’s ‘Sell’ recommendation for the stock. On MarketsMOJO, the stock has been included in the Hidden Turnaround list since November 14th, 2024.
The stock has been doing well, outperforming the sector by 4.99% and gaining 33.89% over the last six days. It had an intraday high of Rs 39.86 today after opening with a 4.98% gain. Remarkably, the stock has maintained a firm hold at this price since the start.
Mcleod Russel Share Price
The opening price of McLeod Russell shares on the BSE was ₹40.02 on Tuesday. Following that, the stock hit a low of ₹39.02 per share and a high of ₹41.85 during the day. On the weekly chart, prices have broken above a critical level of 37 and are expected to continue their upward move shortly, according to Angel One equity technical and derivative analyst Rajesh Bhosale. We have seen a significant increase in this counter moving upward in upper circuits in recent sessions. Aggressive bets should be avoided when a counter moves in a circuit, though; breakout levels around 37 are probably going to serve as support, and levels 48 to 50 serve as resistance. Over the past year, the price of McLeod Russell’s shares increased 91.57%, exceeding
About the company – Mcleod Russel India
A company based in India that grows and produces tea is McLeod Russell India Limited. India, Vietnam, Uganda, the United Kingdom, and other countries are among the company’s geographical segments. About 33 tea estates spread across Assam and West Bengal make up its plantations. The tea is made and marketed in both home and foreign markets, such as Europe and the United Kingdom. Both Orthodox and Crushed, Torn, and Curled (CTC) tea types can be blended at its facility’s two bulk blending units. Borelli Tea Holdings Limited, McLeod Russell Africa Limited, McLeod Russell Uganda Limited, and McLeod Russell Middle East DMCC, UAE are some of its subsidiaries.
