Timex Group India Ltd Achieves Milestone with 91.78% Annual Gain Amid Strong Buying Activity

Timex Group India Ltd is witnessing significant buying activity, with the stock gaining 4.99% today, outperforming the Sensex, which rose by only 0.37%. Over the past week, Timex has increased by 5.33%, while the Sensex recorded a modest gain of 1.74%. The stock's impressive performance is further highlighted by its 29.37% rise over the past month compared to the Sensex's mere 0.23% increase.
Timex Group's strong upward trend is evident in its one-year performance, soaring by 91.78%, significantly outpacing the Sensex's 1.41% growth. Year-to-date, the stock has risen by 49.52%, while the Sensex has only managed a 4.87% increase. Over the longer term, Timex has demonstrated remarkable resilience, with a staggering 242.89% increase over three years and an extraordinary 1258.69% rise over five years.

Today, the stock reached an intraday high of Rs 289.4, just 0.19% shy of its 52-week high of Rs 289.95. Timex Group is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong bullish trend. The buying pressure may be attributed to positive market sentiment and robust performance metrics within the gems, jewellery, and watches industry.