Relic Technologies Ltd Achieves 52-Week High Amidst Strong Buying Momentum

Relic Technologies Ltd, a microcap player in the Non-Banking Financial Company (NBFC) sector, is witnessing significant buying activity, with the stock gaining 4.99% today. This performance starkly contrasts with the Sensex, which has seen a slight decline of 0.05%. Over the past week, Relic Technologies has surged by 12.53%, while the Sensex has dropped by 0.72%.
In the last month, the stock has increased by 21.36%, outperforming the Sensex's modest gain of 1.24%. Notably, Relic Technologies has achieved an impressive 466.33% increase over the past year, compared to the Sensex's 2.32%. The stock has also reached a new 52-week high of Rs 84.95 today, following a gap-up opening of 4.93%.

The stock has been on a positive trajectory, with consecutive gains over the last two days, accumulating a total return of 9.48%. It has consistently traded above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. The narrow trading range of Rs 0.05 suggests stable buying pressure, contributing to its robust performance relative to the broader market.