Shekhawati Poly-Yarn Ltd's Stock Reaches 52-Week High, Outperforms Market in Textile Industry

Shekhawati Poly-Yarn Ltd, a microcap company in the textile industry, has been making headlines recently as its stock price reached a 52-week high on August 7th, 2024. The stock has been performing well in the market, with a 'Hold' call from MarketsMOJO.

The company's stock price hit a new high of Rs.7.32, which is also an all-time high for the company. Today's performance is in line with the sector, and the stock has been on a consecutive gain for the past two days, with a 3.98% increase in returns during this period.

In terms of moving averages, Shekhawati Poly-Yarn is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in the market.

Looking at the company's performance over the past year, Shekhawati Poly-Yarn has seen a significant increase of 1230.91%, while the Sensex has only seen a 20.43% increase. This shows that the company has outperformed the market and has been a strong player in the textile industry.

With its recent success and positive performance, Shekhawati Poly-Yarn is definitely a company to keep an eye on in the microcap sector. Investors and industry experts are optimistic about the company's future potential and growth in the market.