Aarvee Denims & Exports Sees Revision in Its Score Amid Strong Market Performance

Jan 02 2025 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 performance in the textile sector. The stock has reached a new 52-week high and has outperformed its sector, showcasing impressive annual returns that significantly exceed market benchmarks.
Aarvee Denims & Exports has recently made headlines as it reached a new 52-week high, trading at Rs. 118.75. This milestone reflects a significant performance trajectory, with the stock outperforming its sector by 1.55% today. Over the past 21 days, Aarvee Denims has demonstrated remarkable resilience, achieving a consecutive gain that translates to an impressive return of 48.07%.

In terms of technical indicators, the stock is currently positioned above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend. The company's performance over the past year has been particularly noteworthy, with a staggering increase of 297.02%, significantly outpacing the Sensex, which recorded a growth of only 9.80% during the same period.

In light of these developments, MarketsMOJO has made an adjustment in its evaluation of Aarvee Denims & Exports, reflecting the stock's evolving market dynamics. The company has also been added to MarketsMOJO's list, indicating a recognition of its current market position within the textile industry.
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