Soma Textiles Hits New 52-Week High of Rs. 128.57
Soma Textiles & Industries has reached a significant milestone by hitting a new 52-week high of Rs. 128.57 today, marking a notable achievement in the garments and apparels sector. This surge comes as the stock has outperformed its sector by 4.77%, reflecting strong momentum in its recent performance. Over the past week, Soma Textiles has demonstrated impressive growth, gaining 40.01% and marking seven consecutive days of increases.The stock opened today with a gain of 4.12%, indicating robust market activity. Throughout the trading session, it reached an intraday high of Rs. 128.57, representing a 5% increase from the previous close. Additionally, Soma Textiles is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend.
In the broader market context, the Sensex is also showing positive movement, trading at 84,742.67, just 0.65% away from its own 52-week high. The overall market sentiment remains bullish, with the Sensex gaining 2.72% over the last three weeks.
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