Shankara Building Products Achieves 52-Week High Amid Market Volatility and Strong Sales Growth

Shankara Building Products has made headlines today as its stock price reached a new 52-week high of Rs 1,156.65, marking a significant milestone for the small-cap company in the Garments & Apparels industry. This surge comes after a trend reversal, with the stock gaining after four consecutive days of decline. Notably, it outperformed its sector by 9.34%, showcasing its resilience amid broader market challenges.
The stock exhibited high volatility today, with an intraday range between Rs 887.55 and Rs 1,156.65, reflecting a notable intraday volatility of 19.79%. Shankara Building Products is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend.

In terms of financial health, the company has demonstrated robust performance metrics, including a 20.46% growth in net sales over the last six months, and a return on capital employed (ROCE) of 16%. Despite a slight decline in profits over the past year, the stock has generated an impressive return of 63.33%, significantly outperforming the Sensex, which has seen a decline of 0.56% during the same period.