MarketsMOJO Adjusts Evaluation of Betex India Following Strong Stock Performance
Betex India, a microcap player in the textile industry, has recently made headlines as its stock price reached an all-time high of Rs. 535 on January 7, 2025. This remarkable achievement comes on the back of a strong performance, with the stock outperforming its sector by 4.16% today. Over the past three days, Betex India has shown consistent gains, accumulating a notable 15.56% return during this period.The stock opened with a significant gap up of 7%, reflecting positive market sentiment. Additionally, it touched an intraday high of Rs. 535, marking a 7% increase for the day. Betex India is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a robust upward trend.
In light of these developments, MarketsMOJO has made an adjustment in its evaluation of Betex India, reflecting the stock's recent performance metrics. The company has also been added to MarketsMOJO's list, highlighting its current market position and performance indicators.
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