Nutech Global Ltd Achieves 27.53% Weekly Surge Amid Strong Buying Activity

Nutech Global Ltd, a microcap player in the Garments & Apparels industry, is witnessing significant buying activity, with the stock gaining 4.98% today. This performance starkly contrasts with the Sensex, which recorded a slight decline of 0.01%. Over the past week, Nutech Global has surged by 27.53%, while the Sensex fell by 0.46%, indicating a strong upward trend for the stock.
In the last five days, Nutech Global has consistently gained, reflecting a total increase of 27.53%. The stock opened today at Rs 30.16, marking a gap up of 4.98%, and reached an intraday high of Rs 30.16. Notably, the stock has been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a robust bullish momentum.

The strong buying pressure may be attributed to various factors, including positive market sentiment towards the garments sector and the company's recent performance, which has outpaced the broader market indices. Over the past year, Nutech Global has delivered a remarkable return of 67.18%, significantly outperforming the Sensex's 2.10% gain.