Shekhawati Poly-Yarn Ltd's Stock Reaches 52-Week High, Outperforms Sector and Sensex

May 10 2024 10:35 AM IST
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Shekhawati Poly-Yarn Ltd, a microcap textile company, has been gaining attention in the stock market with its stock price reaching a 52-week high on May 10, 2024. Despite a 'Sell' rating from MarketsMojo, the stock has been outperforming the sector and showing a positive trend. Its impressive performance in the past year highlights its potential in the textile industry.

Shekhawati Poly-Yarn Ltd, a microcap textile company, has been making headlines in the stock market as its stock price reached a 52-week high on May 10, 2024. The stock has been performing well in the past few days, outperforming the sector by 1% and gaining 5.07% in the last 3 days.

According to MarketsMOJO, a leading stock market analysis platform, the stock call for Shekhawati Poly-Yarn is 'Sell'. However, the company's stock has been trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend.

In the past year, Shekhawati Poly-Yarn has shown an impressive performance with a 383.33% increase in its stock price, while the Sensex has only seen a 17.56% growth. This showcases the company's strong potential and growth in the textile industry.

Shekhawati Poly-Yarn, being a microcap company, has been able to make a mark in the stock market with its consistent growth and positive performance. With its stock price reaching a 52-week high, investors are keeping a close eye on this company and its future prospects.
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