Kanpur Plastipack Hits New 52-Week High Amid Strong Buying Activity

Kanpur Plastipack Ltd is witnessing significant buying activity, with the stock rising by 5.00% today, contrasting sharply with the Sensex, which has seen a slight decline of 0.02%. Over the past week, Kanpur Plastipack has gained 4.97%, while the Sensex has increased by 0.43%. The stock's performance over the last month is particularly noteworthy, with a remarkable 111.06% increase compared to the Sensex's modest 1.26% rise.
Today, Kanpur Plastipack reached a new 52-week high of Rs. 238.5, reflecting a strong upward trend. The stock opened with a gap up of 3.46% and achieved an intraday high of Rs. 238.5, marking a 5% increase for the day. Notably, the stock has been on a consecutive gain streak for the last three days, accumulating a total return of 7.31% during this period.

In terms of moving averages, Kanpur Plastipack is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a robust upward momentum. The packaging sector overall has also performed well, gaining 2.46%, contributing to the positive sentiment surrounding Kanpur Plastipack.