Acutaas Chemicals Hits New 52-Week High of Rs. 1728.4

Acutaas Chemicals has reached a significant milestone by hitting a new 52-week high of Rs 1728.4 today, marking a notable achievement for the small-cap player in the Pharmaceuticals & Biotechnology sector. This new high reflects the stock's strong performance over the past year, where it has generated an impressive return of 109.19%, significantly outperforming the Sensex, which has risen by only 3.80% in the same period.
Despite today's performance indicating a slight underperformance against its sector by -0.58%, Acutaas Chemicals opened with a gain of 2.57% and reached an intraday high of Rs 1728.4, representing a 4.97% increase. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend.

The company has demonstrated robust financial health, with net sales growing at an annual rate of 27.10% and a net profit increase of 63.28%. Additionally, Acutaas Chemicals has maintained a low debt-to-equity ratio of 0.06, showcasing its solid financial footing. With high institutional holdings at 39.33%, the company continues to attract attention in the market.