Parmeshwari Silk Mills Ltd Hits New 52-Week High at Rs.90.31

Stock Performance and Market Context

On 1 Feb 2026, Parmeshwari Silk Mills Ltd opened with a gap up of 5%, immediately setting the tone for a robust trading session. The stock maintained this elevated level throughout the day, closing at its intraday high of Rs.90.31, representing a 5.00% gain on the day. This performance notably outpaced the broader Garments & Apparels sector, outperforming it by 3.94% during the same period.

The stock’s price action today was characterised by stability at the peak level, with no trading range below the opening price of Rs.90.31. This indicates strong demand and confidence among market participants at this price point. However, it is worth noting that Parmeshwari Silk Mills Ltd experienced erratic trading patterns in recent weeks, having not traded on 5 out of the last 20 trading days, which may have contributed to the build-up of momentum leading to today’s breakout.

Technical Indicators and Moving Averages

From a technical standpoint, Parmeshwari Silk Mills Ltd is trading above all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This broad-based strength across short, medium, and long-term indicators underscores the stock’s upward trajectory and sustained buying interest. Such alignment of moving averages often signals a strong bullish trend, reinforcing the significance of the new 52-week high.

In comparison, the Sensex opened higher by 119.19 points and was trading at 82,459.71, up 0.23% on the day. While the Sensex remains 4.49% below its own 52-week high of 86,159.02, Parmeshwari Silk Mills Ltd’s performance stands out within its sector and relative to the broader market indices.

Historical Price Movement and Volatility

Over the past year, Parmeshwari Silk Mills Ltd’s stock price has remained flat, registering a 0.00% change, in contrast to the Sensex’s 7.43% gain over the same period. The stock’s 52-week low was Rs.15, highlighting a substantial recovery and price appreciation to the current high of Rs.90.31. This wide price range reflects significant volatility and a transformative phase for the company’s stock.

Despite the flat annual performance, the recent surge to a new high suggests a shift in market sentiment and renewed interest in the company’s prospects within the Garments & Apparels sector. The stock’s market capitalisation grade stands at 4, indicating a mid-tier market cap status relative to its peers.

Mojo Score and Rating Update

Parmeshwari Silk Mills Ltd holds a Mojo Score of 54.0, placing it in the ‘Hold’ category. This represents an upgrade from its previous ‘Sell’ rating, which was revised on 8 Jan 2026. The rating change reflects an improvement in the company’s overall quality and market standing, as assessed by MarketsMOJO’s proprietary scoring system. The Mojo Grade upgrade signals a more favourable outlook compared to recent months, aligning with the stock’s recent price strength.

Sector and Market Dynamics

The Garments & Apparels sector has experienced mixed performance recently, with Parmeshwari Silk Mills Ltd emerging as one of the stronger performers. The broader market’s mega-cap stocks are currently leading gains, supporting the Sensex’s modest rise. However, the Sensex remains below its 50-day moving average, though the 50-day average itself is above the 200-day average, indicating a cautiously optimistic market environment.

Summary of Key Metrics

To summarise, Parmeshwari Silk Mills Ltd’s key metrics as of 1 Feb 2026 are:

• New 52-week and all-time high price: Rs.90.31
• Day’s gain: 5.00%
• Outperformance vs sector: 3.94%
• Mojo Score: 54.0 (Hold, upgraded from Sell on 8 Jan 2026)
• Market Cap Grade: 4
• Trading above all major moving averages (5, 20, 50, 100, 200-day)
• Sensex trading at 82,459.71, up 0.23% on the day

This combination of technical strength, rating upgrade, and sector outperformance underscores the significance of Parmeshwari Silk Mills Ltd’s new 52-week high.

Trading Patterns and Price Stability

The stock’s price stability at Rs.90.31 throughout the trading session, without any intraday decline below the opening price, is indicative of strong buyer conviction. Such price behaviour often reflects a consolidation of gains and a firm support level at the new high. This is particularly notable given the stock’s erratic trading in recent weeks, suggesting a potential shift towards more consistent market participation.

While the stock’s one-year performance remains flat, the recent price action signals a positive momentum phase that has propelled it to this milestone. The wide gap between the 52-week low of Rs.15 and the current high further highlights the stock’s volatile journey and recent resurgence.

Market Capitalisation and Sector Positioning

With a market capitalisation grade of 4, Parmeshwari Silk Mills Ltd occupies a mid-tier position within the Garments & Apparels sector. This status reflects a balance between growth potential and established market presence. The sector itself continues to experience varied performance across constituents, with Parmeshwari Silk Mills Ltd’s recent gains standing out as a highlight.

Conclusion

Parmeshwari Silk Mills Ltd’s achievement of a new 52-week high at Rs.90.31 marks a significant milestone in its stock price trajectory. Supported by strong technical indicators, a recent upgrade in Mojo Grade, and outperformance relative to its sector, the stock has demonstrated notable momentum. The stability of the price at this level and the alignment of moving averages further reinforce the strength of this rally. While the broader market and sector conditions remain mixed, Parmeshwari Silk Mills Ltd’s performance today underscores its prominent position within the Garments & Apparels industry.

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