Garuda Construction Stock Reaches All-Time High, Signaling Strong Market Momentum

Garuda Construction and Engineering has made headlines today as its stock price reached an all-time high of Rs. 228.9, marking a significant milestone for the small-cap construction company. The stock has shown impressive performance, outperforming its sector by 2.74% and achieving a remarkable 14.01% return over the last three days.
Today's trading saw the stock hit an intraday high of Rs. 228.9, reflecting a 4.38% increase. Notably, Garuda Construction has demonstrated high volatility with an intraday volatility rate of 29.06%. The company is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong momentum.

In terms of financial health, Garuda Construction reported a substantial net profit growth of 55.27% in its latest quarterly results, with net sales increasing by 121.8% compared to the previous four-quarter average. The company's low debt-to-equity ratio and high return on equity of 22.81% further underscore its efficient management. With positive results reported for the last three consecutive quarters, Garuda Construction continues to solidify its position in the construction industry.