Filatex India's Stock Performance Sees Positive Trend, Outperforms Sector and Sensex

Filatex India, a smallcap textile company, saw a positive trend in its stock performance on August 23, 2024. The stock gained 8.13% and closed at Rs 65.55. MarketsMOJO, a leading stock analysis platform, has given a 'Hold' call for the stock.

In today's trading session, Filatex India outperformed the sector by 7.88%. The stock has been on a consecutive gain for the last four days and has risen by 14.94% during this period. It also touched an intraday high of Rs 66.69, showing a high volatility of 6.89%.

Filatex India is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in its stock performance.

In comparison to the Sensex, Filatex India's 1-day performance was 10.43% while the Sensex's performance was -0.03%. Similarly, in the last 1 month, Filatex India's performance was 16.70% while the Sensex's performance was 0.74%.

Overall, Filatex India's stock has shown a positive trend and has outperformed the sector and the Sensex in both short-term and long-term performance. Investors are advised to hold their positions in the stock, as suggested by MarketsMOJO.