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. 939.4, marking a significant milestone for the small-cap company in the Garments & Apparels industry. The stock has shown impressive performance over the past two days, gaining 6.07% and opening with a notable increase of 3.21% today.
In terms of technical indicators, Shankara Building Products is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, reflecting a strong bullish trend. The company's financial health is underscored by a low Debt to EBITDA ratio of 1.02 times, indicating a robust ability to service its debt.

Over the past year, Shankara has outperformed the broader market, delivering a remarkable return of 37.55%, significantly higher than the Sensex's 9.40% gain. With net sales growing by 20.46% in the latest six months and a return on capital employed (ROCE) of 16.00%, the company is positioned favorably within its sector. As the small-cap segment leads the market today, Shankara Building Products continues to demonstrate resilience and strong performance metrics.