Shankara Building Products Achieves 52-Week High Amid Broader Market Challenges

Shankara Building Products has made headlines today as its stock price reached a new 52-week high of Rs. 892, marking a significant milestone for the small-cap company in the Garments & Apparels industry. This achievement comes amid a broader market environment where the Sensex has faced challenges, currently trading down by 0.29%.
Shankara's stock has shown impressive performance, outperforming its sector by 1.31% today and achieving a remarkable 12.98% return over the past three days. The stock has consistently traded above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend.

Financial metrics further highlight Shankara's robust position, with a low Debt to EBITDA ratio of 1.02 times, showcasing its strong ability to service debt. The company reported net sales of Rs. 3,076.32 crore, reflecting a growth of 20.46% over the last six months. Additionally, its return on capital employed (ROCE) stands at a commendable 16.00%.

With a one-year return of 27.31%, significantly outpacing the Sensex's 6.11%, Shankara Building Products continues to demonstrate its market-leading performance and resilience in a fluctuating economic landscape.