Arex Industries Surges to 52-Week High, Outperforming Sector and Sensex

Mar 04 2024 09:36 AM IST
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Arex Industries, a microcap textile company, has reached a 52-week high on March 4th, 2024 and is currently trading at a price 2.57% below it. It has consistently outperformed the sector and its stock has shown a remarkable growth of 85.23% in the past year, indicating strong potential in the textile industry.

Arex Industries, a microcap textile company, has recently seen a surge in its stock price, reaching a 52-week high on March 4th, 2024. The stock has been given a 'Hold' rating by MarketsMOJO, a leading financial analysis and research firm.

As of today, the stock is trading at a price that is 2.57% below its 52-week high of Rs 159.9. However, it has outperformed the sector by 3.27% and opened with a gain of 4.49%. The stock has also shown a narrow trading range of Rs 0.9 and touched an intraday high of Rs 155.9.

Arex Industries has been consistently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in its performance. In the past year, the company's stock has shown a remarkable growth of 85.23%, outperforming the Sensex's performance of 23.50%.

Despite its small size as a microcap company, Arex Industries has shown strong potential and growth in the textile industry. With its recent surge in stock price and positive performance, it is definitely a company to keep an eye on in the market.
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