Eureka Forbes Stock Reaches All-Time High Amid Mixed Sector Performance

Eureka Forbes, a midcap player in the Electronics & Appliances sector, has made headlines today as its stock price reached an all-time high of Rs. 651. Despite this milestone, the stock has underperformed its sector by 1.05% today, reflecting a decline of 1.47% compared to the Sensex's slight drop of 0.28%. This marks a trend reversal for Eureka Forbes, which had seen two consecutive days of gains prior to today’s performance.
In terms of moving averages, Eureka Forbes is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a generally positive trend over the longer term. Over the past month, the stock has surged by 26.95%, significantly outperforming the Sensex, which rose by only 1.38%.

Looking at broader performance metrics, Eureka Forbes has delivered a remarkable 48.21% increase over the past year, compared to the Sensex's 8.19%. Year-to-date, the stock has gained 10.21%, while over the last three years, it has achieved an impressive 107.15% increase, outpacing the Sensex's 48.18% growth.