New Light Apparels Hits 52-Week High, Outperforms Sector with 31.56% Increase in Returns

New Light Apparels, a microcap textile company, has recently hit a 52-week high with its stock price reaching Rs.76.21 on October 9th, 2024. The company's stock has been on a steady rise for the past 14 days, outperforming the sector by 0.78%. This has resulted in a 31.56% increase in returns for investors during this period. The stock opened at Rs.76.21 and has maintained this price, indicating a strong performance. New Light Apparels is also trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which is a positive sign for investors. In comparison to the Sensex performance of 25.11%, New Light Apparels has shown an impressive 1-year performance of 306.45%. This showcases the company's strong growth and potential in the textile industry. While the company's stock call by MarketsMOJO is 'Hold', the recent surge in stock price and consistent performance is a positive indicator for investors. New Light Apparels continues to make strides in the textile industry and its stock performance reflects this.