Relic Technologies Ltd Achieves 439.40% Annual Surge Amid Strong Buying Activity

Relic Technologies Ltd, a microcap player in the Non-Banking Financial Company (NBFC) sector, is witnessing significant buying activity, with the stock gaining 4.33% today. This performance notably outpaces the Sensex, which has only increased by 0.07% on the same day. Over the past week, Relic Technologies has risen by 8.07%, while the Sensex has declined by 1.09%.
In the last month, the stock has surged 15.59%, compared to a modest 1.02% rise in the Sensex. Year-to-date, Relic Technologies has delivered an impressive 249.81% return, significantly outperforming the Sensex's 5.75%. Over the past year, the stock has skyrocketed by 439.40%, while the Sensex has only managed a 2.37% increase.

The stock opened with a gap up of 3.8% today and reached an intraday high of Rs 80.91. It is currently trading close to its 52-week high, just 0.47% away from Rs 81.29. Additionally, Relic Technologies is performing well above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. The buying pressure may be attributed to positive market sentiment and strong historical performance relative to the broader market.