Positive trend continues for Bombay Dyeing & Manufacturing Company's stock, outperforms sector and hits new 52-week high

Bombay Dyeing & Manufacturing Company, a midcap diversified company, saw a positive trend in its stock performance on October 17th, 2024. The stock gained 6.56% on this day, outperforming the sector by 7.44%. This marks the second consecutive day of gains for the company, with a total increase of 10.16% in the past two days.

The stock also hit a new 52-week high of Rs.252.5 on the same day, indicating a strong upward momentum. Intraday, the stock reached a high of Rs.252.5, showing a 6.25% increase.

Bombay Dyeing & Manufacturing Company is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in the stock's performance.

In comparison to the Sensex, Bombay Dyeing & Manufacturing Company's stock has outperformed with a 1-day performance of 5.62% versus Sensex's -0.32%. In the past month, the company's stock has also outperformed the Sensex with a 1-month performance of 18.31% versus Sensex's -2.22%.

Based on these factors, MarketsMOJO has given a 'Hold' call for Bombay Dyeing & Manufacturing Company's stock. Investors can keep an eye on the company's performance in the coming days to make informed decisions.