Relic Technologies Ltd Achieves 348% Annual Growth Amid Strong Buying Activity

Relic Technologies Ltd, a microcap player in the Non-Banking Financial Company (NBFC) sector, is witnessing significant buying activity today, with the stock gaining 3.57%. This performance stands in stark contrast to the Sensex, which remained unchanged at 0.00%. Over the past week, Relic Technologies has shown a 2.33% increase, while the Sensex declined by 0.30%.
In the longer term, the stock has demonstrated impressive growth, with a remarkable 348.36% increase over the past year compared to the Sensex's 5.31%. Year-to-date, Relic Technologies has surged by 213.45%, significantly outperforming the Sensex's 4.23%. The stock's three-year and five-year performances are also noteworthy, with gains of 328.99% and 386.58%, respectively.

Today, the stock opened with a gap up at Rs 72.5, reaching an intraday high of Rs 72.5, reflecting strong buyer sentiment. Additionally, Relic Technologies is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a robust upward trend. The strong buying pressure may be attributed to various factors, including market sentiment and company-specific developments, although specific details were not provided.