Gujarat Raffia Industries Hits 52-Week High, Surges 70% Over Past Year

Dec 27 2024 09:35 AM IST
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Gujarat Raffia Industries has recently experienced a revision in its score, reflecting its impressive performance and market position. The stock has reached a 52-week high, significantly outperforming both its sector and the broader market. Additionally, it has been added to MarketsMojo's list, underscoring its strong upward trend and consistent gains.
Gujarat Raffia Industries, a microcap player in the packaging industry, has recently achieved a significant milestone by reaching a new 52-week high of Rs. 101 on December 27, 2024. This surge marks a notable performance, as the stock has outperformed its sector by 3.93% today alone. Over the past ten days, Gujarat Raffia Industries has demonstrated impressive momentum, with a remarkable 62.9% increase in returns.

The stock opened with a gain of 3.63% and reached an intraday high of Rs. 101, reflecting a 4.88% increase during the trading session. Additionally, Gujarat Raffia Industries 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 performance.

In terms of annual performance, Gujarat Raffia Industries has delivered a substantial return of 70.02% over the past year, significantly outpacing the Sensex, which has recorded a gain of only 9.33% in the same period. This performance highlights the company's robust position within the packaging sector.
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