Shankara Building Products Outperforms Sector Amid Broader Market Recovery

Mar 21 2025 02:20 PM IST
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Shankara Building Products experienced a significant rise on March 21, 2025, outperforming the construction material sector. The stock opened higher and reached an intraday peak, while the broader market, led by small-cap stocks, saw a notable recovery. The company's mixed performance reflects varying trends over different time frames.
Shankara Building Products has seen a notable increase of 7.33% on March 21, 2025, outperforming the construction material sector by 5.17%. The stock opened with a gain of 2.97% and reached an intraday high of Rs 575.35. In terms of moving averages, the stock is currently above its 5-day and 20-day moving averages but remains below the 50-day, 100-day, and 200-day moving averages.

In the broader market context, the Sensex experienced a significant recovery after a negative opening, rising by 675.38 points to trade at 76,830.38, reflecting a 0.63% increase. Small-cap stocks are leading the market, with the BSE Small Cap index gaining 1.62% today.

Over various time frames, Shankara Building Products has shown mixed performance. While it has gained 14.20% over the past week, its year-to-date performance stands at -16.65%. In contrast, the Sensex has shown a positive year-to-date performance of -1.62%. The stock's long-term performance indicates a decline of 29.81% over three years, while it has increased by 101.77% over the past five years.
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