Recent Price Performance and Market Context
The stock’s current rally is part of a sustained recovery phase, having gained 27.58% over the past week, significantly outperforming the Sensex’s modest 0.56% rise during the same period. Despite a challenging year-to-date scenario where the stock has declined by 39.23%, the last twelve months tell a different story with a 42.60% gain, well above the Sensex’s 8.43% increase. Over longer horizons, Gujarat Raffia Industries has demonstrated exceptional growth, delivering returns of 110.77% over three years and an impressive 386.38% over five years, far exceeding the benchmark’s respective 37.12% and 94.13% gains.
Technical Indicators Driving the Upside
On 28-Nov, the stock opened with a gap up of 4.95%,...
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