CIAN Agro Industries Hits All-Time High Amidst Strong Buying Activity and Sector Momentum
Today, CIAN Agro reached a new 52-week and all-time high of Rs. 939.95, following an opening gap up of 5%. The stock has been on a strong upward trajectory, achieving consecutive gains for the last 18 days, resulting in a total return of 135.28% during this period. It is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a robust bullish trend.
The edible oil sector, in which CIAN Agro operates, has also shown positive momentum, with a 3.12% gain in the solvent extraction segment. This sector-wide performance may be contributing to the heightened buying pressure observed in CIAN Agro.
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