Lakhotia Polyesters Hits All-Time High of Rs. 160.5 with 4.97% Daily Gain
Lakhotia Polyesters (India) Ltd is experiencing notable buying activity, with the stock achieving a new all-time high. It has shown impressive gains over the past week and month, reflecting a strong upward trend. The company's performance is bolstered by positive sentiment in the garments sector and favorable trading metrics.
Lakhotia Polyesters (India) Ltd is currently witnessing significant buying activity, with the stock gaining 4.97% today, outperforming the Sensex, which rose by only 0.28%. Over the past week, Lakhotia Polyesters has surged by 27.48%, while the Sensex managed a modest 1.47% increase. The stock's remarkable performance continues with a staggering 177.44% rise over the past month, compared to the Sensex's 1.20% gain.Notably, Lakhotia Polyesters has experienced consecutive gains for the last 21 days, reflecting a robust upward trend. The stock opened today with a gap up at Rs 160.5, which also marks its new 52-week and all-time high. Throughout the trading session, it maintained this price, reaching an intraday high of Rs 160.5.
The strong buying pressure could be attributed to various factors, including positive market sentiment in the garments and apparel sector, as well as the company's performance metrics, which show it trading above key moving averages. With a year-to-date increase of 301.35%, Lakhotia Polyesters continues to stand out in the market.
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