Parmeshwari Silk Mills Ltd Hits All-Time High, Surges 5% Amid Strong Buying Activity
Parmeshwari Silk Mills Ltd is experiencing notable buying interest, with the stock reaching a new all-time high today. Over the past month, it has significantly outperformed the Sensex, and its strong performance is reflected in consistent trading above key moving averages, despite some irregular trading days.
Parmeshwari Silk Mills Ltd is currently witnessing significant buying activity, with the stock rising by 5.00% today, contrasting sharply with the Sensex, which has dipped by 0.14%. Over the past week, Parmeshwari Silk Mills has maintained this upward momentum, also gaining 5.00%, while the Sensex recorded a modest increase of 0.35%. In the last month, the stock has surged by 27.60%, significantly outperforming the Sensex's 0.37% rise. Notably, over the past three months, Parmeshwari Silk Mills has achieved an impressive 126.93% increase, while the Sensex has remained nearly flat with a decline of 0.05%.
Today, the stock opened with a gap up of 5% at Rs. 70.78, which also marks a new 52-week and all-time high. The stock has traded consistently at this price throughout the day, reflecting strong buyer interest. Additionally, it has outperformed its sector by 4.95%. Despite some erratic trading patterns, with the stock not trading on five days out of the last 20, it is currently positioned above all key moving averages, indicating a robust performance trend.
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