Gujarat Raffia Industries Achieves All-Time High Stock Price of Rs. 106.16

Gujarat Raffia Industries, a microcap player in the packaging industry, has recently achieved a significant milestone by reaching an all-time high of Rs. 106.16 on December 30, 2024. This remarkable performance marks a 71.23% increase over the past 11 consecutive trading days, showcasing the stock's strong upward momentum.
On the day of this achievement, Gujarat Raffia Industries outperformed its sector by 5.27%, indicating robust market activity. The stock opened with a notable gain of 4.29%, reflecting positive investor sentiment. Throughout the trading session, it reached an intraday high of Rs. 106.16, representing a 4.99% increase from the previous close.

In terms of moving averages, Gujarat Raffia Industries is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong bullish trend. Over the past year, the company has delivered an impressive return of 72.67%, significantly outpacing the Sensex, which recorded an 8.82% increase during the same period. This performance underscores Gujarat Raffia Industries' solid position within the packaging sector.