Norben Tea & Exports Achieves Record Stock Price Amid Strong Market Performance
Norben Tea & Exports has made headlines today as its stock price reached an all-time high of Rs. 36.64, marking a significant milestone for the microcap company in the tea and coffee industry. The stock has shown remarkable performance, outperforming its sector by 5.18% and achieving a consecutive gain over the last 14 days, resulting in a substantial 52.29% increase during this period.Opening with a gap up of 4.99%, Norben Tea's stock demonstrated strong momentum throughout the trading session, peaking at the day's high of Rs. 36.64. The company's stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a robust upward trend.
Over the past year, Norben Tea & Exports has delivered impressive returns of 211.56%, significantly outpacing the Sensex, which has seen a modest increase of 5.73%. This performance underscores the company's strong market position and the positive trajectory it has maintained in the competitive landscape of the tea and coffee sector.
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