Gayatri Highways Ltd Hits New 52-Week High Amidst Strong Buying Momentum

Gayatri Highways Ltd is witnessing significant buying activity, with the stock rising 4.65% today, outperforming the Sensex, which gained only 0.43%. Over the past week, Gayatri Highways has shown remarkable performance, increasing by 26.17%, while the Sensex rose just 1.84%. The stock has been on a strong upward trend, with consecutive gains for the last seven days, accumulating a total return of 32.35% during this period.
In terms of price performance, Gayatri Highways reached a new 52-week high of Rs. 2.7 today. The stock has consistently outperformed its sector by 4.55%. Over the past month, it has surged by 29.19%, compared to the Sensex's modest 2.18% increase. The stock's performance over three months stands at an impressive 87.50%, while it has achieved a staggering 104.55% increase over the past year.

Factors contributing to the buying pressure may include strong market sentiment towards transport infrastructure, as well as the stock's favorable positioning above key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages.