Lakhotia Polyesters Hits New 52-Week High of Rs. 176.9
Lakhotia Polyesters (India) has achieved a new 52-week high of Rs. 176.9, reflecting strong performance in the Garments & Apparels sector. The stock has surged 177.4% in 21 days and is trading above key moving averages, indicating robust demand and investor confidence amidst a resilient broader market.
Lakhotia Polyesters (India) has reached a significant milestone by hitting a new 52-week high of Rs. 176.9 today, marking a notable achievement for the microcap company in the Garments & Apparels industry. This surge comes as the stock has demonstrated impressive performance, gaining 177.4% over the past 21 days. Today, Lakhotia Polyesters opened with a gap up of 4.99%, reflecting strong market momentum. The stock has consistently outperformed its sector by 4.88%, indicating robust demand and investor confidence. Additionally, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, further underscoring its positive trend.
In the broader market context, the Sensex is also showing resilience, trading at 82,413.21, just 2.05% away from its own 52-week high. The small-cap segment is leading the market, with the BSE Small Cap index gaining 0.19%. Lakhotia Polyesters' remarkable performance stands out, especially when compared to the Sensex's modest 0.43% gain over the past year.
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