Lakhotia Polyesters Hits All-Time High, Surges 4.97% Today and 305.71% Over Past Year

Lakhotia Polyesters (India) Ltd is witnessing significant buying activity, with the stock gaining 4.97% today, outperforming the Sensex, which rose by only 0.27%. Over the past week, Lakhotia Polyesters has surged by 21.43%, while the Sensex recorded a modest increase of 1.44%. The stock's remarkable performance continues with a staggering 177.11% rise over the past month, compared to the Sensex's 1.69% 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 of 4.97% and reached an intraday high of Rs 145.65, marking a new 52-week and all-time high. This performance indicates strong market momentum, as the stock has consistently traded above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

The substantial buying pressure may be attributed to various factors, including positive market sentiment within the garments and apparel sector, as well as the company's impressive historical performance, which has seen a 1540.20% increase over the past five years, significantly outpacing the Sensex's 104.44% rise during the same period.