NB Footwear Ltd. Hits 52-Week High, Outperforms Sector with Impressive 329.87% 1-Year Return

Mar 06 2024 10:35 AM IST
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NB Footwear Ltd., a microcap leather company, has reached a new milestone as its stock price hit a 52-week high on March 6, 2024. Despite a 'Sell' rating from MarketsMojo, the company has consistently outperformed the sector and gained 50.45% in the last 21 days. Its 1-year return of 329.87% showcases its strong growth potential and dominance in the leather industry.


NB Footwear Ltd., a microcap leather company, has recently reached a new milestone as its stock price hit a 52-week high on March 6, 2024. This comes as no surprise as the company has been consistently outperforming the sector and has gained 50.45% in the last 21 days alone.

According to MarketsMOJO, a leading stock analysis platform, NB Footwear's stock call is currently 'Sell'. However, this does not take away from the fact that the company has been on an upward trend, trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

In comparison to the overall market performance, NB Footwear has shown an impressive 1-year return of 329.87%, while the Sensex has only seen a 22.17% increase. This showcases the company's strong growth potential and its ability to outshine its competitors in the leather industry.

Despite the recent dip in the leather sector by -2.44%, NB Footwear has managed to maintain its upward momentum, solidifying its position as a top player in the market. With its consistent growth and strong performance, NB Footwear is definitely a company to keep an eye on in the leather industry.
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