Binayaka Tex Processors Hits 52-Week High, Outperforms Sector and Sensex

Jun 25 2024 09:36 AM IST
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Binayaka Tex Processors, a microcap company in the textile industry, has hit a 52-week high on June 25th, 2024. The stock has been performing well, with a 'Hold' call from MarketsMojo. It opened with a 5% gain and reached an intraday high of Rs 2034.95, outperforming the sector by 4.47%. In the last 11 days, the stock has risen by 71% and is trading above its moving averages, indicating a strong upward trend. Compared to the Sensex, Binayaka Tex Processors has shown a remarkable 1-year performance of 139.87%, making it a company to watch in the textile industry.

Binayaka Tex Processors, a microcap company in the textile industry, has recently hit a 52-week high on June 25th, 2024. The stock has been performing well, with a 'Hold' call from MarketsMOJO. Today, the stock opened with a gain of 5% and touched an intraday high of Rs 2034.95, outperforming the sector by 4.47%.

In the last 11 days, the stock has been on a consecutive gain streak and has risen by 71%. It is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This shows a strong upward trend in the stock's performance.

In comparison to the Sensex, Binayaka Tex Processors has shown a remarkable 1-year performance of 139.87%, while the Sensex has only seen a 23.10% increase. This further highlights the company's strong performance in the market.

Investors and experts are keeping a close eye on Binayaka Tex Processors as it continues to show promising growth. With its recent 52-week high and consecutive gains, the company is definitely one to watch in the textile industry.
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