Aarvee Denims Hits 52-Week High with 290.61% Annual Return

Dec 26 2024 11:05 AM IST
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Aarvee Denims & Exports has recently been added to MarketsMojo's list following a revision in its score, reflecting its strong market performance. The stock reached a new 52-week high, significantly outperforming its sector and demonstrating impressive annual returns, further solidifying its position in the textile industry.
Aarvee Denims & Exports has recently reached a new milestone, hitting a 52-week high of Rs. 108.12 on December 26, 2024. This achievement marks a significant performance uptick for the microcap textile company, which has outperformed its sector by 2.94% today. Over the past 21 days, the stock has shown remarkable resilience, gaining 48.82% during this period.

Opening with a 2% gain, Aarvee Denims maintained its price throughout the trading session, reflecting strong market interest. The stock experienced high volatility today, with an intraday volatility rate of 244.66%, indicating fluctuating trading patterns.

In terms of moving averages, Aarvee Denims is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a robust short- to long-term performance trajectory. Over the past year, the company has delivered an impressive return of 290.61%, significantly outpacing the Sensex, which recorded a gain of 9.99%. This performance underscores Aarvee Denims' strong position within the textile industry.
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