Pasupati Spinning & Weaving Mills Hits All-Time High, Outperforms Sector by 9.52%

Pasupati Spinning & Weaving Mills, a microcap textile company, has recently seen a surge in its stock price, reaching an all-time high on June 21, 2024. The stock has been performing well in the market, with MarketsMOJO giving it a 'Hold' rating.

On June 21, the stock hit a new 52-week high of Rs.40.54 and outperformed the sector by 9.52%. It has also been on a consecutive gain for the last 2 days, with a 20.98% increase in returns during this period. The stock opened with a gain of 9.98% today and touched an intraday high of Rs.40.54.

Pasupati Spinning & Weaving Mills has been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in the market.

In the past year, the company's stock has shown a strong performance of 68.92%, outperforming the Sensex's performance of 22.14%. This showcases the company's growth and potential in the textile industry.

With its recent surge in stock price and positive performance, Pasupati Spinning & Weaving Mills is definitely a company to watch out for in the microcap textile sector.