Shalimar Agencies Ltd Achieves 52-Week High Amidst Strong Buying Activity

Shalimar Agencies Ltd, a small-cap player in the Non-Banking Financial Company (NBFC) sector, is witnessing significant buying activity, marking a notable performance against the broader market. Today, the stock has gained 1.99%, while the Sensex has dipped by 0.14%. Over the past week, Shalimar Agencies has surged by 10.34%, contrasting with a 0.80% decline in the Sensex.
In the last month, the stock has shown remarkable growth of 34.75%, significantly outperforming the Sensex's modest increase of 1.15%. Over a three-month period, Shalimar Agencies has skyrocketed by 267.52%, compared to the Sensex's 5.05%. Year-to-date, the stock has risen by 294.18%, while the Sensex has only gained 5.61%. Impressively, Shalimar Agencies has achieved a staggering 701.39% increase over the past year.

Today, the stock reached a new 52-week high of Rs. 35.87 and has been on a consecutive gain streak for the last 12 days, accumulating a total return of 26.57% during this period. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong upward momentum. The buying pressure may be attributed to positive market sentiment and robust performance metrics relative to the Sensex.