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

Aug 06 2024 10:35 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 6th, 2024. The stock has outperformed the textile sector by 6.14% and has been trading higher than its moving averages. Despite volatility, the company's stock has shown remarkable growth in the past year.


Manomay Tex India, a microcap textile company, has recently seen a surge in its stock price, reaching a 52-week high on August 6th, 2024. The stock has been given a 'Sell' rating by MarketsMOJO, a leading financial analysis platform.

The company's stock has been on an upward trend, outperforming the textile sector by 6.14% and gaining after two consecutive days of fall. On the day of the 52-week high, the stock touched an intraday high of Rs. 312.6, showing a significant increase of 11.64%. The stock has also been highly volatile, with an intraday volatility of 6.65%, calculated from the weighted average price.

In terms of moving averages, Manomay Tex India is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a positive trend for the company's stock.

The textile sector as a whole has also seen a gain of 4.93%, further highlighting the positive performance of Manomay Tex India. In the past year, the company's stock has shown a remarkable growth of 138.47%, while the Sensex has only seen a 20.65% increase.

Overall, Manomay Tex India's recent surge in stock price and positive performance in the textile sector make it a company to watch out for in the microcap market. However, it is important to note that this is not a recommendation to buy or sell the stock, and all investment decisions should be made after thorough research and analysis.
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