Glittek Granites Achieves 52-Week High Amid Broader Market Decline

Glittek Granites has made headlines today as its stock price reached a new 52-week high of Rs. 9.82, marking a significant milestone for the microcap company. This achievement comes amid a broader market context where the Sensex has experienced a decline, falling by 401.89 points to 82,135.98, which is 4.68% away from its own 52-week high.
The stock has shown impressive performance over the past six days, gaining 33.42% during this period and outperforming its sector by 4.49%. Notably, Glittek Granites is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend in its price action.

In terms of annual performance, Glittek Granites has delivered a remarkable return of 108.49% over the past year, significantly outpacing the Sensex, which has only seen a 2.01% increase in the same timeframe. The stock's 52-week low stands at Rs. 2.49, highlighting the substantial growth it has achieved in the last year.