Lakhotia Polyesters Hits All-Time High of Rs. 152.9 with 4.98% Daily Gain

Lakhotia Polyesters (India) Ltd is currently witnessing significant buying activity, with the stock gaining 4.98% today, outperforming the Sensex, which rose by only 0.17%. Over the past week, Lakhotia Polyesters has surged by 27.47%, while the Sensex has seen a modest increase of 1.15%. The stock's performance over the last month is particularly noteworthy, with a remarkable 178% increase compared to the Sensex's 1.00% rise.
Today, Lakhotia Polyesters reached a new 52-week and all-time high of Rs. 152.9, following an open gap up of 4.98%. The stock has been on a strong upward trajectory, recording consecutive gains for the last 21 days, during which it has delivered a staggering 178% return. It is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a robust bullish trend.

The buying pressure may be attributed to various factors, including positive market sentiment in the garments and apparel sector, as well as the company's strong performance metrics relative to the broader market.