125% rally in six months | Apparel stock retraces after hitting 52-week high
New Delhi, Sept. 21 -- Small-cap apparel stock Iris Clothings witnessed a sharp swing in early trade on Monday, September 21, after touching a fresh 52-week high before giving up its gains. The stock has delivered strong returns over the past six months, with investors also tracking the company's latest business update involving Amazon.
Shares of Iris Clothings opened at Rs.65.38 on Monday and climbed as much as 3.3% to touch a fresh 52-week high of Rs.66.72. However, the stock failed to sustain the gains as the session progressed. It later declined 5% from the day's high to hit an intraday low of Rs.63.40.
The stock has remained a strong performer across multiple timeframes. It has gained more than 3% in the past one week, 11% over one...
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