Kitex Garments Achieves 317.66% Annual Growth Amidst Strong Buying Activity

Kitex Garments Ltd is witnessing significant buying activity, marking a robust performance in the textile sector. The stock has gained 4.99% today, significantly outperforming the Sensex, which rose by only 0.71%. Over the past week, Kitex Garments has shown remarkable strength with a 21.51% increase, while the Sensex managed a modest 5.26% gain.
In the last month, the stock has surged by 52.75%, compared to the Sensex's 2.87%. Impressively, Kitex Garments has achieved a staggering 317.66% increase over the past year, far exceeding the Sensex's 8.24% growth. The stock has been on a winning streak, gaining for the last seven consecutive days, accumulating a total return of 40.23% during this period.

Today's trading saw Kitex Garments reach an intraday high of Rs 265.25, reflecting strong buyer sentiment. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a solid upward trend. This sustained buying pressure may be attributed to positive market sentiment and strong fundamentals within the company.