Uday Jewellery Industries Hits New 52-Week High of Rs. 181
Uday Jewellery Industries has achieved a new 52-week high of Rs. 181, marking a significant milestone for the microcap company in the Gems, Jewellery, and Watches sector. The stock has shown resilience, outperforming its sector and demonstrating a strong upward trend despite broader market challenges.
Uday Jewellery Industries has reached a significant milestone by hitting a new 52-week high of Rs. 181 today, marking a notable achievement for the microcap company in the Gems, Jewellery, and Watches industry. This surge comes after a trend reversal, as the stock gained after two consecutive days of decline. Today, Uday Jewellery outperformed its sector by 2.06%, opening with a gain of 3.92%. The stock also touched an intraday high of Rs. 181, reflecting a 9.2% increase during the trading session. Uday Jewellery is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend.
In the context of the broader market, the Sensex is experiencing a slight decline, trading at 82,281.27, just 2.21% away from its own 52-week high. Despite the market's challenges, Uday Jewellery has demonstrated resilience, achieving a 10.36% return over the past year, significantly outperforming the Sensex, which has only seen a 0.38% increase during the same period.
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