A B Infrabuild Ltd Reaches All-Time High Amidst Strong Buying Activity and Sector Optimism

A B Infrabuild Ltd is currently witnessing significant buying activity, with the stock surging by 20.38% today, markedly outperforming the Sensex, which recorded a modest gain of 0.52%. Over the past week, A B Infrabuild has achieved a remarkable 25.53% increase, while the Sensex rose only 0.34%. The stock's performance over the last month shows a striking 63.97% rise compared to the Sensex's 2.77%, and year-to-date, A B Infrabuild has gained 35.41%, significantly outpacing the Sensex's 4.44%.
Today, the stock opened with a gap up of 2.33% and reached an intraday high of Rs. 133.18, marking a new 52-week and all-time high. The stock has consistently traded above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. The buying pressure may be attributed to positive sentiment in the construction sector, alongside the company's robust performance metrics, which have attracted attention from market participants.