Bengal Tea & Fabrics Ltd Surges to 52-Week High, Outperforming Sector by 2.43%

Jul 16 2024 02:35 PM IST
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Bengal Tea & Fabrics Ltd, a microcap textile company, saw its stock price reach a 52-week high of Rs. 169 on July 16, 2024. The stock has been given a 'Sell' call by MarketsMojo, but has outperformed the sector by 2.43%. The company's stock has shown a remarkable growth of 103.81% in the past year.

Bengal Tea & Fabrics Ltd, a microcap textile company, has seen a surge in its stock price as it touched a 52-week high on July 16, 2024. The stock has been given a 'Sell' call by MarketsMOJO, a leading stock market analysis platform.

The company's stock price hit a new high of Rs. 169, outperforming the sector by 2.43%. This marks a trend reversal for the stock, which has gained after three consecutive days of falling. The stock also saw a high of Rs. 169 (4.94%) and a low of Rs. 156.65 (-2.73%) during the day.

Bengal Tea & Fabrics Ltd is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in its stock price.

In the past year, the company's stock has shown a remarkable growth of 103.81%, while the Sensex has only seen a 22.06% increase. This showcases the strong performance of Bengal Tea & Fabrics Ltd in the textile industry.

Investors should keep an eye on Bengal Tea & Fabrics Ltd as it continues to make strides in the market and maintain its strong performance.
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