Kanco Tea & Industries Ltd Hits 52-Week High, Outperforms Sector with Strong Performance

Kanco Tea & Industries Ltd, a microcap company in the tea/coffee industry, has recently hit a 52-week high on September 17, 2024. The stock has been performing well in the market, with a strong sell call by MarketsMOJO.

On September 17, the stock reached a new high of Rs.92, outperforming the sector by 2.74%. It has been on a consecutive gain for the past 5 days, with a 20.23% increase in returns during this period. The stock also opened with a gain of 2.11% today and touched an intraday high of Rs.92, showing a 3.23% increase.

Kanco Tea & Industries Ltd is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in the market. In the past year, the company has shown a 20.12% increase in performance, while the Sensex has shown a 22.24% increase.

As a microcap company in the tea/coffee industry, Kanco Tea & Industries Ltd has been able to maintain a strong position in the market and has shown promising growth in the past year. With its recent 52-week high and positive performance, the company continues to be a strong player in the industry.