Share Market News: Lorenzini Apparels’ Shares Surge 10 Percent, Marking 127 Percent Increase Over the Year

Lorenzini Apparels shares edged higher in Friday’s trading session. The shares hit the upper circuit limit as the equity benchmark indices rallied in early trade. In early trade, the 30-share BSE Sensex climbed 226.11 points to 80,123.45. The NSE Nifty went up by 82.1 points to 24,398.05.
The share price of Lorenzini Apparels touched an intraday high of Rs 27.85 per share on the National Stock Exchange (NSE), hitting the upper price band of 10 percent and surging 9.99 percent from its previous close of Rs 25.32 apiece on Friday.
For the last two days, the stock has been gaining, delivering a 12.16 percent return over this period.
It outperformed the sector by 9.97 percent. The stock has traded within a wide range of Rs 3.35. Additionally, it is trading above the 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.
Based on data from the Bombay Stock Exchange (BSE) Analytics, the stock has provided multibagger returns of 125.18% over the past 365 days. Over the last two years, it has increased by 1333.51%, and over the last three years, it has surged by 7030.77%, 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.