Manomay Tex India's Stock Reaches 52-Week High, Outperforms Sector and Sensex

Aug 14 2024 09:39 AM IST
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Manomay Tex India, a microcap textile company, has seen a surge in its stock price, reaching a 52-week high on August 14, 2024. It has been given a 'Hold' rating by MarketsMojo and is currently trading higher than its moving averages. With a strong growth of 124.44% in the past year, the company shows potential in the textile industry.

Manomay Tex India, a microcap textile company, has recently seen a surge in its stock price, reaching a 52-week high on August 14, 2024. The stock has been given a 'Hold' rating by MarketsMOJO, a leading financial analysis platform.

On August 14, the stock hit a new all-time high of Rs. 316.8, showing a strong performance in the market. However, it underperformed the sector by -0.56% on the same day. The stock has been on a downward trend for the past two days, with a fall of -1.1% in returns during this period.

Today, the stock opened with a gain of 2.24%, indicating a positive sentiment among investors. It also touched an intraday high of Rs. 316.8, showing a significant increase of 4.49%. Manomay Tex India is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong performance in the market.

In the past year, Manomay Tex India has shown an impressive growth of 124.44%, outperforming the Sensex's performance of 20.70%. This showcases the company's strong potential and growth in the textile industry.

Manomay Tex India is a microcap company, but its recent stock performance has caught the attention of investors. With a 'Hold' rating from MarketsMOJO and a strong performance in the market, the company is definitely one to watch out for in the textile industry.
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