Radix Industries (India) Ltd Surges 3.47%, Marks Four Consecutive Days of Gains

Radix Industries (India) Ltd is currently witnessing significant buying activity, with the stock gaining 3.47% today, outperforming the Sensex, which rose by 0.67%. Over the past week, Radix Industries has recorded a 6.11% increase, while the Sensex managed only 0.49%. The stock has shown a consistent upward trend, with consecutive gains over the last four days, accumulating a total return of 4.64% during this period.
In terms of price performance, Radix Industries opened with a gap up of 2.03% today, starting at Rs 188.35, which also marked the intraday high for the stock. Notably, the stock has been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong bullish sentiment.

Despite a decline of 2.30% over the past three months, Radix Industries has performed well over the longer term, with a remarkable 208.31% increase over the last three years and a 354.76% rise over the past five years. The stock's performance relative to the Sensex highlights its resilience and potential appeal in the FMCG sector, particularly in light of the current buying pressure.