Timex Group India Achieves 52-Week High Amid Broader Market Challenges

Timex Group India has made headlines today as its stock price reached a new 52-week high of Rs. 244.5, marking a significant milestone for the small-cap company in the gems, jewellery, and watches industry. This achievement comes after a robust performance, with the stock outperforming its sector by 6.33% and recording a consecutive gain over the last two days, yielding a total return of 13.77% during this period.
Intraday trading saw the stock hit a high of Rs. 244.5, reflecting a 7.45% increase, while it also experienced a low of Rs. 223, down by 2%. Notably, Timex Group India is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend in its price performance.

In contrast, the broader market faced challenges, with the Sensex declining by 243.08 points to settle at 81,873.09, despite opening flat. Over the past year, Timex Group India has demonstrated impressive growth, with a performance increase of 84.19%, significantly outpacing the Sensex's 10.62% rise. The stock's 52-week low stands at Rs. 113.45, highlighting its remarkable recovery and upward trajectory.