Norben Tea & Exports Hits New 52-Week High of Rs. 60.3
Norben Tea & Exports has reached a significant milestone by hitting a new 52-week high of Rs. 60.3 today, marking a notable achievement for the microcap company in the FMCG sector. This new high reflects a robust performance, as the stock has outperformed its sector by 4.14% and has shown a remarkable gain of 17.22% over the past six days.The stock opened with a 5% gain today, maintaining its position at Rs. 60.3 throughout the trading session. Additionally, Norben Tea is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend in its price performance.
In the broader market context, the Sensex has also been on an upward trajectory, climbing 471.19 points to reach 84,768.58, just 0.62% shy of its own 52-week high. The overall market sentiment remains bullish, with mega-cap stocks leading the gains. Over the past year, Norben Tea & Exports has delivered an impressive return of 280.92%, significantly outpacing the Sensex's performance of 6.76%.
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