Manomay Tex India's Stock Price Reaches All-Time High, Outperforms Sector and Sensex

Jul 28 2024 09:21 AM IST
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Manomay Tex India, a microcap textile company, has seen a surge in its share price, reaching an all-time high of Rs. 274 on July 28, 2024. Despite a 'Sell' rating from MarketsMojo, the stock has outperformed the sector by 3.74% and is currently trading above its moving averages, indicating a bullish trend. With a strong performance in the past year, the company shows potential for growth and has attracted investor interest.

Manomay Tex India, a microcap textile company, has been making headlines in the stock market as its share price reached an all-time high of Rs. 274 on July 28, 2024. This surge in price has caught the attention of investors and analysts alike.

According to MarketsMOJO, a leading stock market analysis platform, the stock call for Manomay Tex India is 'Sell'. However, the company's performance today has outperformed the sector by 3.74%, indicating a positive trend.

The stock opened with a significant gain of 15.88% today, and its intraday high was recorded at Rs. 274, showing a high level of volatility with an intraday volatility of 9.66%. This volatility is calculated from the weighted average price, which takes into account the volume of trades.

In addition, Manomay Tex India is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bullish trend in the stock.

In the past year, Manomay Tex India has shown an impressive performance of 88.33%, outperforming the Sensex's performance of 21.92%. This showcases the company's strong growth potential and its ability to deliver returns to its shareholders.

As a microcap company in the textile industry, Manomay Tex India has shown promising growth and has caught the attention of investors. However, it is always advisable to do thorough research and consult with a financial advisor before making any investment decisions.
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