Safari Industries (India) Ltd's Stock Reaches 52-Week High, Shows Steady Growth in Plastic Products Industry

Oct 08 2024 03:05 PM IST
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Safari Industries (India) Ltd, a leading player in the plastic products industry, saw its stock price reach a 52-week high on October 8, 2024. The stock is currently trading at Rs 2592, just 0.88% away from its 52-week high. The company has consistently performed well and is trading higher than its moving averages.

Safari Industries (India) Ltd, a leading player in the plastic products industry, saw its stock price reach a 52-week high on October 8, 2024. The stock, which is currently trading at Rs 2592, is just 0.88% away from its 52-week high of Rs 2611.15.

According to MarketsMOJO, a leading stock market analysis platform, the stock has a 'Hold' call. Today, the stock opened with a loss of -2.37% but has outperformed the sector by 6.68%. The stock touched an intraday high of Rs 2592 (7.23%) and an intraday low of Rs 2360 (-2.37%).

Safari Industries (India) Ltd has been consistently performing well, as it is trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. In the past year, the stock has shown a growth of 21.63%, slightly lower than the Sensex's performance of 23.73%.

Safari Industries (India) Ltd has established itself as a midcap company in the plastic products industry and has been able to maintain a steady growth rate. With its stock price reaching a 52-week high, it is clear that the company is on a positive trajectory and investors can expect good returns in the future.
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