Norben Tea & Exports Hits New 52-Week High at Rs. 66.47
Norben Tea & Exports has reached a significant milestone by hitting a new 52-week high of Rs. 66.47 today, marking a notable achievement for the microcap company in the FMCG sector. This price point reflects a remarkable performance, as the stock has outperformed its sector by 4.79%. Over the past eight days, Norben Tea has shown consistent gains, accumulating a total return of 29.22%. The stock opened today with a gap up of 4.99%, indicating strong market momentum. It has maintained its trading position at Rs. 66.47 throughout the day, reaching an intraday high of the same price.
In terms of moving averages, Norben Tea is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a robust upward trend. Over the past year, the stock has delivered an impressive return of 365.15%, significantly outpacing the Sensex, which has seen a return of 5.47%. This performance underscores the company's strong position in the market and its ability to capitalize on current trends.
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