Aarvee Denims Hits 52-Week High with 262.25% Annual Return

Aarvee Denims & Exports has recently achieved a significant milestone, reaching a new 52-week high of Rs. 109 on December 27, 2024. This performance marks a notable achievement for the microcap company within the textile industry, as it has consistently outperformed its sector by 1.17% today.
The stock has demonstrated impressive momentum, gaining for 21 consecutive days and delivering a remarkable 47.1% return during this period. This upward trend is further supported by the fact that Aarvee Denims is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong short- and long-term performance.

Over the past year, Aarvee Denims & Exports has shown exceptional growth, with a staggering 262.25% increase in its stock price, significantly outpacing the Sensex, which recorded a gain of only 9.67%. This performance highlights the company's robust position in the textile market and its ability to deliver substantial returns to its shareholders.