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

Shankara Building Products has made headlines today as its stock price reached a new 52-week high of Rs 1060.2, reflecting a robust performance in the garments and apparels sector. The stock outperformed its sector by 1.49%, showcasing its strong market position. Throughout the trading day, it recorded an intraday high of Rs 1060.2, marking a 3.87% increase, while the day's low was Rs 996, a decrease of 2.42%.
In terms of moving averages, Shankara Building Products is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Over the past year, the company has achieved a remarkable return of 47.33%, significantly outpacing the Sensex's performance of 7.54%.

Financially, the company demonstrates a strong ability to service its debt, with a low Debt to EBITDA ratio of 1.02 times. Recent results show net sales of Rs 3,076.32 crore, reflecting a growth of 20.46%. With a return on capital employed (ROCE) of 16.00% and an attractive valuation, Shankara Building Products continues to solidify its position in the market.