A B Infrabuild Ltd Sees Strong Buying Activity Amid Significant Price Gains

A B Infrabuild Ltd is witnessing significant buying activity, marking a notable turnaround after three consecutive days of decline. The stock has gained 3.02% today, outperforming the Sensex, which recorded a modest increase of 0.32%. Over the past week, A B Infrabuild has risen by 5.03%, compared to the Sensex's 1.32% gain. The company's performance over the last month is particularly impressive, with a 53.12% increase, while the Sensex has only risen by 3.77%.
Today, A B Infrabuild opened with a gap down of 3.44%, hitting an intraday low of Rs 136 before rebounding to reach a high of Rs 145.1. The stock is currently just 1.31% away from its 52-week high of Rs 147. Additionally, A B Infrabuild is trading 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 various factors, including positive sentiment in the construction sector and the stock's recent performance, which has outpaced the broader market indices.