Sai Silks (Kalamandir) Hits New 52-Week High of Rs. 222.9
Sai Silks (Kalamandir) has achieved a new 52-week high, reflecting strong performance in the garments sector. The stock has outperformed its sector and demonstrated significant gains over recent days. It is trading above key moving averages and has shown impressive financial metrics, including substantial growth in net sales.
Sai Silks (Kalamandir) has reached a significant milestone by hitting a new 52-week high of Rs. 222.9 today, marking a notable achievement in the garments and apparels sector. This surge comes as the stock has outperformed its sector by 10.14%, reflecting strong market performance. Over the past two days, the stock has gained 14.87%, indicating a positive trend.Today, Sai Silks opened with a gain of 4.54% and reached an intraday high of Rs. 222.9, representing a 13.81% increase. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, showcasing robust momentum.
In the broader market context, the BSE Small Cap index is leading with a gain of 0.39%, while the Sensex has shown resilience, recovering from an initial dip to trade at 84,834.72. Sai Silks has demonstrated a strong one-year performance, generating a return of 26.96%, significantly outpacing the Sensex's 6.04% return. This performance is supported by impressive financial metrics, including a 33.97% growth in net sales over the last six months and a return on capital employed (ROCE) of 13.24%.
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