Timex Group India Ltd Opens Strong with 8.83% Gain, Outperforming Sector
Timex Group India Ltd has experienced notable trading activity, with significant gains and a strong upward trend over the past two days. The stock is currently performing well above its moving averages and has outperformed the broader market in the last month, despite mixed technical indicators suggesting volatility.
Timex Group India Ltd, a small-cap player in the lifestyle industry, has shown significant activity in today's trading session. The stock opened with a notable gain of 8.83%, reaching an intraday high of Rs 196.25, which represents an increase of 18.65% for the day. This performance has allowed Timex Group to outperform its sector by 18.06%.Over the past two days, the stock has demonstrated a strong upward trend, accumulating returns of 20.55%. In terms of volatility, Timex Group has experienced high fluctuations today, with an intraday volatility of 5.72%. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a robust short-term performance.
In the broader market context, Timex Group's one-month performance stands at 24.96%, significantly surpassing the Sensex's 10.43%. However, technical indicators suggest a mixed outlook, with the MACD showing bearish signals on a weekly basis and mildly bearish on a monthly basis. The stock's beta of 1.35 indicates that it tends to exhibit higher volatility compared to the market.
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