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

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 increased by 1.97%, outperforming the Sensex, which rose by 0.72%. Over the past week, Shalimar Agencies has surged by 10.31%, compared to the Sensex's modest gain of 1.47%.
In a remarkable display of strength, the stock has achieved a staggering 57.05% increase over the past month and an impressive 161.57% rise over the last three months. Year-to-date, Shalimar Agencies has delivered a remarkable 229.12% return, while the Sensex has only managed a 5.76% increase. The stock has also reached a new 52-week high of Rs. 29.95 today.

Notably, Shalimar Agencies has experienced consecutive gains for the last 21 days, accumulating a total return of 51.03% during this period. 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 buying pressure may be attributed to positive market sentiment and strong performance metrics relative to the Sensex.