Manor Estates & Industries Hits 52-Week High with 182.71% Annual Return

Dec 27 2024 09:35 AM IST
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Manor Estates & Industries has recently been added to MarketsMojo's list following a significant performance surge, achieving a new 52-week high. Despite its impressive gains and strong market position, the stock has experienced a revision in its score, prompting a cautious outlook for investors in the textile sector.
Manor Estates & Industries, a microcap player in the textile industry, has recently reached a new 52-week high of Rs. 13.57, marking a significant milestone for the company. This achievement comes as the stock has demonstrated impressive performance, outperforming its sector by 4.75% on the day of the new high.

Over the past 12 days, Manor Estates has shown remarkable momentum, with a staggering 87.17% increase in returns during this period. The stock is currently trading above its moving averages across various time frames, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a strong upward trend.

In terms of annual performance, Manor Estates & Industries has delivered an impressive 182.71% return over the past year, significantly outpacing the Sensex, which has recorded a return of just 9.33%. This performance highlights the company's robust position within the textile sector and its ability to generate substantial returns for its shareholders.
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