Aarvee Denims Hits New 52-Week High, Surges 302% Over Past Year

Dec 24 2024 10:35 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 has reached a new 52-week high and has significantly outperformed its sector, showcasing impressive annual returns that highlight its robust position in the textile industry.
Aarvee Denims & Exports, a microcap player in the textile industry, has recently reached a new milestone, hitting a 52-week high of Rs. 107.84 on December 24, 2024. This achievement comes as the stock has demonstrated impressive performance, outperforming its sector by 1.74% today.

Over the past 21 days, Aarvee Denims has shown remarkable resilience, with a substantial gain of 51.4%. The stock has maintained a consistent upward trajectory, trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong momentum in its price action.

In terms of annual performance, Aarvee Denims & Exports has delivered an extraordinary return of 302.09% over the past year, significantly surpassing the Sensex's performance of 10.87%. This notable growth highlights the company's robust position within the textile sector and its ability to capitalize on market dynamics effectively. As the company continues to navigate the competitive landscape, its recent achievements reflect a strong operational performance.
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