Dhanlaxmi Cotex Reaches New High Amid Strong Market Momentum and Growth

Dhanlaxmi Cotex, a microcap player in the finance and non-banking financial company (NBFC) sector, has shown significant activity today, reaching a new 52-week high of Rs. 172. This milestone was achieved on February 19, 2025, marking a notable performance in the market. The stock has outperformed its sector by 4.5%, reflecting strong momentum.
Over the past week, Dhanlaxmi Cotex has demonstrated impressive growth, gaining 41.51% in returns. Today, it opened with a gap up of 4.97%, indicating robust buying interest. The stock has maintained its price at Rs. 172 throughout the trading session, reaching an intraday high of the same value.

In terms of technical indicators, Dhanlaxmi Cotex is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend. Over the past year, the stock has delivered a remarkable performance of 104.76%, significantly outpacing the Sensex, which has seen a return of 4.65%. This performance underscores Dhanlaxmi Cotex's position in the market as it continues to attract attention.