Kanpur Plastipack Achieves 52-Week High Amid Strong Market Performance Trends

May 30 2025 09:43 AM IST
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Kanpur Plastipack has achieved a new 52-week high of Rs. 241, reflecting a strong upward trend in its stock performance. The company has consistently outperformed its sector and delivered impressive annual returns, significantly exceeding the broader market's performance, while trading above key moving averages.
Kanpur Plastipack, a microcap player in the packaging industry, has made headlines today by reaching a new 52-week high of Rs. 241. This milestone reflects a significant upward trend, as the stock has outperformed its sector by 1.11% and has shown consistent gains over the past four days, accumulating an impressive 8.44% return during this period.

In terms of technical performance, Kanpur Plastipack is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong bullish trend. Over the past year, the stock has delivered remarkable returns of 138.85%, significantly outpacing the Sensex, which has only seen a 10.34% increase in the same timeframe.

Despite the broader market sentiment, with the Sensex opening lower at 81,465.69 and currently trading at 81,544.34, Kanpur Plastipack's performance stands out. The stock's 52-week low was recorded at Rs. 89.89, highlighting the substantial recovery and growth it has experienced over the past year.
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