Kavveri Defence & Wireless Technologies Hits New 52-Week High Amid Strong Buying Momentum

Kavveri Defence & Wireless Technologies Ltd is currently witnessing significant buying activity, marking a notable performance in the telecom equipment and accessories sector. The stock has experienced a remarkable 4.99% increase today, significantly outperforming the Sensex, which only gained 0.07%. Over the past week, Kavveri has surged by 24.40%, while the Sensex has declined by 0.24%.
In the last month, the stock has risen by 32.06%, compared to the Sensex's modest 1.59% increase. Over a longer horizon, Kavveri has shown impressive growth, with a 168.81% rise over the past year, far exceeding the Sensex's 4.43% gain. The stock has been on a winning streak, achieving consecutive gains for the last 12 days, resulting in a total return of 51.31% during this period.

Today, Kavveri opened with a gap up of 4.15% and reached an intraday high of Rs 66.53, marking a new 52-week high. The stock has been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. The narrow trading range of Rs 0.53 suggests stable buying momentum.