Ashima Ltd's Stock Hits All-Time High, Outperforms Sector and Sensex

Jul 01 2024 09:20 AM IST
share
Share Via
Ashima Ltd, a microcap textile company, has seen a significant increase in its stock price, reaching an all-time high of Rs. 46.95 on July 1st, 2024. The stock has outperformed the sector by 4.57% and has been on a consecutive gain streak for the past 6 days. It is currently trading above its moving averages and has outperformed the Sensex by 228.73% in the past year, making it a promising investment opportunity in the textile industry.

Ashima Ltd, a microcap textile company, has been making waves in the stock market with its recent surge in stock price. On July 1st, 2024, the company's stock reached an all-time high, hitting Rs. 46.95. This has caught the attention of investors and market experts, with MarketsMOJO giving a 'Buy' call for the stock.

The stock's performance today has been impressive, outperforming the sector by 4.57%. It has also been on a consecutive gain streak for the past 6 days, with a remarkable 26.79% increase in returns during this period. The stock opened with a gap up of 4.57% and touched an intraday high of Rs. 46.95, showing no signs of slowing down.

Ashima's stock has been highly volatile today, with an intraday volatility of 6.13%. However, it has been trading consistently at the price of Rs. 46.95 since opening. This is a positive sign for investors, as it indicates a strong demand for the stock.

In addition, Ashima is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This further reinforces the bullish sentiment surrounding the stock.

Looking at the company's performance over the past year, Ashima has outperformed the Sensex by a significant margin of 228.73% compared to the Sensex's 22.09% performance. This showcases the company's strong growth potential and its ability to deliver impressive returns for its investors.

In conclusion, Ashima Ltd's recent surge in stock price and its consistent performance in the market make it a promising investment opportunity for those looking to invest in the textile industry. With a 'Buy' call from MarketsMOJO and a strong track record, Ashima is definitely a stock to watch out for.
{{stockdata.stock.stock_name.value}} Live

{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)

{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)


Our weekly and monthly stock recommendations are here
Loading...
{{!sm.blur ? sm.comp_name : ''}}
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Entry Price
Target Price
{{sm.target_price }} ({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News