Norben Tea & Exports Ltd Surges 4.99% Today, Up 365.15% Over Past Year

Norben Tea & Exports Ltd is currently witnessing significant buying activity, with the stock gaining 4.99% today, outperforming the Sensex, which saw a modest increase of 0.11%. Over the past week, Norben Tea has surged by 21.92%, while the Sensex only managed a 0.35% rise. The stock's performance over the last month shows a remarkable increase of 22.96%, compared to the Sensex's 5.42%. Notably, in the last three months, Norben Tea has skyrocketed by 104.90%, far exceeding the Sensex's 4.16% growth.
Today, the stock opened with a gap up at Rs 66.47, marking a new 52-week and all-time high. It has maintained this price throughout the trading session, reaching an intraday high of Rs 66.47. The stock has been on a consistent upward trend, gaining for the last eight consecutive days, resulting in a total return of 29.22% during this period. Additionally, Norben Tea is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong momentum in its performance. The significant buying pressure could be attributed to various factors, including positive market sentiment and strong fundamentals within the FMCG sector.