New Light Apparels Hits 52-Week High, Outperforms Sector by 2.37%

Oct 18 2024 10:35 AM IST
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New Light Apparels, a microcap company in the textile industry, has reached a new milestone as its stock price hit a 52-week high on October 18, 2024. With a 360.16% increase in the past year, the company has outperformed the sector by 2.37% and is currently rated 'Hold' by MarketsMojo.

New Light Apparels, a microcap company in the textile industry, has recently reached a new milestone as its stock price hit a 52-week high on October 18, 2024. This comes as a positive sign for the company, as it has been gaining momentum in the market for the past 21 days and has outperformed the sector by 2.37%.

According to MarketsMOJO, a leading stock analysis and recommendation platform, the current stock call for New Light Apparels is 'Hold'. The company's stock has been on an upward trend, trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

In the past year, New Light Apparels has shown an impressive performance with a 360.16% increase in its stock price, while the Sensex has only seen a 22.84% growth. This showcases the company's strong potential and growth in the textile industry.

As a microcap company, New Light Apparels has been making strides in the market and its recent 52-week high is a testament to its success. With its consistent gains and positive performance, the company is definitely one to watch in the textile industry.
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