Gujarat Raffia Industries Ltd Surges 4.99% Today, Up 123.15% Over Last Month
Gujarat Raffia Industries Ltd is currently witnessing significant buying activity, with the stock showing a remarkable performance compared to the broader market. Today, the stock surged by 4.99%, significantly outperforming the Sensex, which only increased by 0.05%. Over the past week, Gujarat Raffia has recorded a staggering 33.36% gain, while the Sensex rose by just 0.77%. In the last month, the stock has skyrocketed by 123.15%, compared to the Sensex's modest 3.53% increase. Notably, Gujarat Raffia has experienced consecutive gains for the past seven days, accumulating a total return of 130.4% during this period. The stock opened today with a gap up at Rs 85.87 and reached an intraday high of Rs 85.87, maintaining this price throughout the trading session.
Gujarat Raffia Industries is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. The packaging sector itself has also seen a gain of 2.08%, contributing to the positive momentum surrounding Gujarat Raffia.
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