Share Market News: Lorenzini Apparels Hit Fresh 52-week High | Check Details Here

Shares of Lorenzini Apparels surged gained over 14 per cent on Thursday to hit a new 52-week high. The counter opened at Rs 26.18 on the BSE and gained to touch the high of Rs Rs 31 – a surge of 14.43 per cent from the previous close of Rs 27.09 on the BSE.
The 52-week high of the stock is Rs 33.02 and the 52-week low of the counter is Rs 14.45. The company has a market cap of Rs 481 crore. Based on data from the Bombay Stock Exchange (BSE) Analytics, the stock has provided multibagger returns of 102 per cent over the past 365 days. Over the last two years, it has increased by 1183.26, and over the last three years, it has surged by 6159 per cent, delivering impressive returns for investors.
Lorenzini Apparels is engaged into the business of manufacturing, designing and marketing of readymade garments. The company has delivered good profit growth of 52.6 per cent CAGR over last 5 years. Lorenzini Apparels shares have a 52-week range of Rs 33.15 – Rs 11.5 on BSE.
Meanwhile, benchmark equity indices rebounded in early trade on Thursday amid steady foreign fund inflows along with buying in frontline stocks Reliance Industries and HDFC Bank. The 30-share BSE Sensex rebounded 264.85 points to 82,617.49 in early trade. The NSE Nifty climbed 76.75 points to 25,275.45.
Among the 30 Sensex firms, UltraTech Cement, Tata Steel, ITC, Titan, ICICI Bank, JSW Steel, Reliance Industries and HDFC Bank were the biggest gainers.
(Disclaimer: The information provided in this article is for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.)