Salona Cotspin Ltd. Hits All-Time High, Outperforms Sector and Sensex

Salona Cotspin Ltd., a microcap textile company, saw its stock price reach an all-time high on April 2nd, 2024. According to MarketsMOJO, the stock is currently rated as a 'Hold'. The stock opened with a significant gain of 19.8% and touched an intraday high of Rs 383, which is also its new 52-week high.

In terms of performance, Salona Cotspin's stock has been inline with the sector and has been gaining for the last two days, with a 3.45% return during this period. The stock has also been highly volatile today, with an intraday volatility of 19.74%. This is calculated from the weighted average price.

Furthermore, Salona Cotspin's stock is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a positive trend for the company's stock.

In comparison to the Sensex, Salona Cotspin's stock has outperformed with a 1-year return of 36.91%, while the Sensex has only seen a 25.29% return during the same period.

Salona Cotspin Ltd. is a microcap company in the textile industry. This recent surge in stock price could be attributed to the company's strong performance and positive outlook in the market. Investors should keep an eye on the company's future developments and performance.