Shree Manufacturing Reaches New 52-Week High Amidst Strong Buying Momentum

Shree Manufacturing Company Ltd, a microcap player in the Garments & Apparels industry, is witnessing significant buying activity, with the stock gaining 4.98% today. This performance starkly contrasts with the Sensex, which has dipped by 0.20%. Over the past week, Shree Manufacturing has surged by 27.50%, while the Sensex has only managed a modest 0.37% increase.
In the last month, the stock has skyrocketed by 77.86%, significantly outperforming the Sensex's 0.62% rise. Notably, Shree Manufacturing has achieved a remarkable 132.31% increase over the past three months, compared to the Sensex's 3.46%. The stock has been on a consistent upward trajectory, marking 14 consecutive days of gains, resulting in a total return of 97.04% during this period.

Today, the stock opened with a gap up at Rs 21.93, which also marks a new 52-week high. It reached an intraday high of Rs 21.93, reflecting strong market momentum. Shree Manufacturing is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating robust performance relative to its historical trends.