Shetron Experiences Revision in Its Score Amid Strong Market Performance and Momentum

Shetron, a microcap player in the packaging industry, has recently made headlines as its stock price reached a new 52-week high of Rs. 198 on January 2, 2025. This milestone reflects a strong performance, with the stock outperforming its sector by 2.38% today. Over the past two days, Shetron has demonstrated impressive momentum, achieving a consecutive gain that translates to a notable return of 14.71%.
The stock opened with a gap up of 2.52%, indicating positive market sentiment, and it peaked at an intraday high of Rs. 198, marking a 3.86% increase for the day. Furthermore, Shetron is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a robust upward trend.

In light of these developments, MarketsMOJO has made an adjustment in its evaluation of Shetron, reflecting the stock's recent performance and market position. The company's one-year performance stands at an impressive 55.39%, significantly outpacing the Sensex, which recorded a 9.39% increase during the same period.