The stock traded in its fresh 52 week high of Rs 262.95 per share on Thursday’s trade and witnessed a spurt in volume by more than 1.74 times.
The stock closed higher by 4.81% at Rs 254.95 per share on BSE attracting a total traded quantity of 0.87 lakh shares. The stock on yearly basis has given 188.98% returns and has outperformed BSE Smallcap index and BSE 500 index.
The company has delivered a growth of 7.88% over the past 5 years and has a return on equity of 7.23% for last 3 years. In the last one month, the stock soared 53% from Rs 167, as compared to 2% decline in the S&P BSE Sensex. In four months, it zoomed 246% from Rs 74 against a marginal 0.42% gain in the benchmark index.
The Rai Saheb Rekhchand Mohota Spinning & Weaving Mills Ltd is engaged in manufacturing of yarn and fabrics. The Company operates through Textiles segment. It operates through three product divisions: Spinning, Weaving and Processing.