Golden Carpets Surges in Stock Market with Impressive Performance and Consistent Growth.

Jan 05 2024 03:49 PM IST
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Golden Carpets, a microcap textile company, has seen a remarkable 28.73% increase in returns in the past 7 days, hitting a new 52-week high of Rs.10.71. It has consistently outperformed the sector and the overall market, with a positive trend and impressive growth in both short-term and long-term periods.


Golden Carpets, a microcap textile company, has been making headlines in the stock market recently. According to the latest stock call by MarketsMOJO, the company's stock is currently rated as 'Sell'. However, this hasn't stopped the stock from gaining momentum in the past 7 days, with a remarkable 28.73% increase in returns.

In today's trading session, Golden Carpets hit a new 52-week high of Rs.10.71, outperforming the sector by 3.46%. This is a significant achievement for the company, especially considering its size as a microcap.

Moreover, Golden Carpets has been consistently performing well, trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a positive trend for the company's stock.

In comparison to the overall market performance, Golden Carpets has also outperformed the Sensex in both short-term and long-term periods. In the past 1 day, the company's stock has shown a 5.00% increase, while the Sensex has only seen a 0.25% increase. Similarly, in the past 1 month, Golden Carpets has shown a 22.40% increase, while the Sensex has only seen a 3.94% increase.

Despite the 'Sell' rating by MarketsMOJO, Golden Carpets has shown promising growth and performance in the stock market. As a textile company, it will be interesting to see how Golden Carpets continues to navigate the market and maintain its positive momentum.
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