Shekhawati Poly-Yarn Ltd's Stock Reaches All-Time High, Outperforms Sector by 2.82%

Shekhawati Poly-Yarn Ltd, a microcap textile company, has been making waves in the stock market as its share price reached an all-time high on August 5th, 2024. The stock has been on a steady rise for the past 21 days, outperforming the sector by 2.82%. Today, the stock hit a new 52-week high of Rs.7.24.

According to MarketsMOJO, a leading stock market analysis and recommendation platform, the stock is currently rated as a 'Hold'. However, the company's performance in the past year has been impressive, with a 1170.18% increase in its share price compared to the Sensex's 20.99% growth.

Shekhawati Poly-Yarn Ltd has been consistently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. This microcap company has shown remarkable growth in the past year, making it an attractive investment option for investors.

The company operates in the textile industry and has been gaining attention for its strong financial performance and growth potential. With its stock price reaching an all-time high, Shekhawati Poly-Yarn Ltd is definitely a company to watch out for in the stock market.