Soma Textiles & Industries Achieves Remarkable 102% Growth Over Three Months Amid Strong Buying Activity

Soma Textiles & Industries Ltd is currently witnessing significant buying activity, with the stock showing a robust performance in recent trading sessions. Today, the stock has gained 2.00%, outperforming the Sensex, which increased by only 0.33%. Over the past week, Soma Textiles has recorded a notable rise of 10.37%, while the Sensex managed a modest 0.37% gain.
The stock has been on a positive trajectory, marking consecutive gains for the last seven days, accumulating a total return of 14.82% during this period. It opened today with a gap up of 2% at Rs 89.27 and reached an intraday high of Rs 89.27, maintaining this price throughout the trading session.

In terms of longer-term performance, Soma Textiles has shown impressive growth, with a staggering 102.43% increase over the past three months and an extraordinary 1177.11% rise over the last three years, significantly outpacing the Sensex during these periods. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. Factors contributing to this buying pressure may include positive market sentiment and strong fundamentals within the garments and apparel industry.