EID Parry Achieves 52-Week High, Signaling Strong Market Position and Recovery

EID Parry (India) has made headlines today as its stock price reached a new 52-week high of Rs. 1237.15, marking a significant milestone for the large-cap fertilizer company. This achievement comes after a strong performance over the past three days, during which the stock has gained 4.38%. Notably, EID Parry has outperformed its sector by 0.87% today, reflecting its robust market position. The stock's intraday high of Rs. 1237.15 represents a 2.11% increase from the previous close, indicating positive momentum. Furthermore, EID Parry is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend in its price action. In the broader market context, the Sensex opened higher at 81,594.52, gaining 256.57 points (0.32%), although it is trading below its 50-day moving average. Over the past year, EID Parry has delivered impressive returns of 47.22%, significantly outpacing the Sensex's modest gain of 0.07%. The stock's 52-week low stands at Rs. 639.3, highlighting its remarkable recovery and growth trajectory.