Shankara Building Products Achieves 52-Week High Amid Strong Market Performance

Shankara Building Products has made headlines today as its stock price reached a new 52-week high of Rs. 1056.6, marking a significant milestone for the small-cap company in the Garments & Apparels industry. The stock has shown impressive performance, outperforming its sector by 3.77% and gaining 15.67% over the last four days.
Opening with a gain of 2.48%, Shankara Building Products touched an intraday high of Rs. 1056.6, reflecting a 13.01% increase during the trading session. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong technical position.

In the broader market, the Sensex opened higher at 82,574.55, gaining 385.56 points, and is currently trading at 82,551.63. The small-cap segment is leading the market, with the BSE Small Cap index up by 0.9%.

Shankara Building Products has demonstrated robust financial health, with a low Debt to EBITDA ratio of 1.02 times and a notable 20.46% growth in net sales over the last six months. With a return on capital employed (ROCE) of 16.00% and a return on equity (ROE) of 8.9%, the company is positioned favorably within its sector.