Aarvee Denims Hits New 52-Week High with 292% Annual Growth

Dec 30 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 reached a new 52-week high and has consistently outperformed its sector, showcasing impressive annual growth and a robust upward trend in trading metrics.
Aarvee Denims & Exports has recently achieved a significant milestone, reaching a new 52-week high of Rs. 111.94 on December 30, 2024. This microcap company in the textile industry has demonstrated impressive performance, outperforming its sector by 2.17% today. The stock has shown remarkable resilience, gaining consecutively for the past 21 days and delivering a substantial return of 48.11% during this period.

Opening with a gain of 2%, Aarvee Denims maintained its trading price throughout the day, reflecting strong market interest. The stock's performance is further underscored by its position above key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a robust upward trend.

Over the past year, Aarvee Denims & Exports has achieved an impressive return of 292.36%, significantly outpacing the Sensex, which recorded a performance of 8.90%. This strong performance highlights the company's position within the textile sector and its ability to navigate market dynamics effectively.
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