Kanco Tea & Industries Ltd Reaches 52-Week High, Outperforms Sector and Sensex

Sep 30 2024 03:35 PM IST
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Kanco Tea & Industries Ltd, a microcap company in the tea/coffee industry, has reached a 52-week high on September 30th, 2024. The stock has outperformed the sector by 14.14% and gained 16.35% in the last two days. It is also trading higher than its moving averages and has shown a steady growth of 22.16% in the last year compared to Sensex's 28.06% performance.

Kanco Tea & Industries Ltd, a microcap company in the tea/coffee industry, has recently reached a 52-week high on September 30th, 2024. This has caught the attention of investors and market analysts, with MarketsMOJO giving the stock a "Strong Sell" rating.

The stock has been performing well, outperforming the sector by 14.14% and gaining 16.35% in the last two days. It opened with a gain of 7.14% today and reached an intraday high of Rs 95.8, showing high volatility with an intraday volatility of 7.15%. The stock is also trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

In comparison to the Sensex performance of 28.06%, Kanco Tea & Industries Ltd has shown a 22.16% performance in the last year. This indicates a steady growth for the company in the tea/coffee industry.

It is important to note that this article is based on factual information and does not include any external data or sources. It is not intended to provide any recommendations or predictions about the future potential of the company. Investors and experts are advised to conduct their own research and analysis before making any investment decisions.
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