Soma Textiles Achieves 52-Week High Amid Broader Market Decline

Soma Textiles & Industries has made headlines today as its stock price reached a new 52-week high of Rs. 95.09, marking a significant milestone for the microcap company in the Garments & Apparels industry. This achievement comes after a remarkable performance over the past eight days, during which the stock has gained an impressive 110.61%.
Today, Soma Textiles opened with a gain of 4.99%, outperforming its sector by 4.95%. The stock has consistently traded above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend.

In contrast, the broader market has faced challenges, with the Sensex experiencing a decline of 0.24% after a positive opening. The index has been on a downward trajectory for three consecutive weeks, losing 2.24% during this period.

Over the past year, Soma Textiles has delivered a remarkable return of 183.01%, significantly outpacing the Sensex, which has only seen a modest gain of 1.19%. The stock's previous 52-week low was recorded at Rs. 32.77, highlighting its substantial growth in recent months.