Kandagiri Spinning Mills Achieves 52-Week High Amid Strong Market Momentum

Kandagiri Spinning Mills, a microcap player in the textile industry, has made headlines today as its stock price reached a new 52-week high of Rs. 40.75. This milestone was achieved on February 12, 2025, marking a significant moment for the company. The stock has shown impressive performance, outperforming its sector by 4.85% today alone.
Over the past week, Kandagiri Spinning Mills has demonstrated consistent upward momentum, gaining 40.57% in returns over seven consecutive days. The stock opened with a notable gap up of 5%, reflecting strong market activity. Throughout the trading session, it maintained its opening price, indicating stability at this new high.

In terms of moving averages, Kandagiri Spinning Mills is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a robust trend. Over the past year, the company has delivered a remarkable performance of 66.19%, significantly outpacing the Sensex, which recorded a gain of 6.68%. This performance highlights Kandagiri Spinning Mills' strong position within the textile sector.