Permanent Magnets Ltd Experiences Surge with 20% Daily Gain Amid Strong Buying Activity

Jun 06 2025 11:45 AM IST
share
Share Via
Permanent Magnets Ltd is experiencing notable buying interest, significantly outperforming the Sensex. The stock has gained 32.74% over the past week and marked consecutive gains for three days. Despite a challenging year-to-date performance, it has shown substantial growth over three and five years, indicating strong investor engagement.
Permanent Magnets Ltd is currently witnessing significant buying activity, with the stock showing a remarkable performance compared to the Sensex. Over the past day, Permanent Magnets surged by 20.00%, while the Sensex only increased by 0.97%. This trend continues over the week, with the stock gaining 32.74% against the Sensex's modest 0.96% rise.

The stock has been on a positive trajectory, marking consecutive gains for the last three days, accumulating a total return of 32.1% during this period. Today, it opened with a gap up of 5.63% and reached an intraday high of Rs 922, reflecting a 15.25% increase from the previous close.

Despite a challenging year-to-date performance of -0.62%, Permanent Magnets has shown resilience with a three-year growth of 212.70% and an impressive five-year increase of 866.28%. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. The high volatility observed today, with an intraday fluctuation of 5.25%, suggests active trading and investor engagement in the stock.
{{stockdata.stock.stock_name.value}} Live

{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)

{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)


Our weekly and monthly stock recommendations are here
Loading...
{{!sm.blur ? sm.comp_name : ''}}
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Entry Price
Target Price
{{sm.target_price }} ({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News