Pasupati Spinning & Weaving Mills Achieves 52-Week High Amid Strong Market Performance

Feb 19 2025 09:40 AM IST
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Pasupati Spinning & Weaving Mills has reached a new 52-week high, outperforming its sector and showing strong upward momentum with a notable gain over the past two days. The stock is trading above multiple moving averages and has delivered an impressive annual return, significantly surpassing the Sensex.
Pasupati Spinning & Weaving Mills, a microcap player in the textile industry, has shown significant activity today, reaching a new 52-week high of Rs. 41. The stock has outperformed its sector by 5.77%, reflecting a robust performance trend. Over the past two days, it has gained 17.03%, indicating a strong upward momentum.

Today, the stock opened with an impressive gap up of 8.18%, reaching an intraday high of Rs. 41. Notably, Pasupati Spinning is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a positive trend in its price action.

In terms of annual performance, Pasupati Spinning & Weaving Mills has delivered a return of 18.36% over the past year, significantly outperforming the Sensex, which recorded a return of 4.28%. This performance highlights the company's strong position within the textile sector and its ability to navigate market conditions effectively.
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