Shree Ajit Pulp and Paper Hits New 52-Week High of Rs. 293.95
Shree Ajit Pulp and Paper has achieved a new 52-week high of Rs. 293.95, demonstrating strong performance in the microcap sector. The stock has gained 21.42% over two days and has outperformed the Sensex significantly over the past year, supported by substantial growth in net profit and sales.
Shree Ajit Pulp and Paper has reached a significant milestone by hitting a new 52-week high of Rs. 293.95 today, marking a notable achievement in the microcap paper, forest, and jute products industry. This surge comes as the stock has outperformed its sector by 7.17%, reflecting strong market performance.In the past two days, Shree Ajit Pulp and Paper has shown impressive gains, rising 21.42%. Today's trading saw the stock touch an intraday high of Rs. 293.95, representing a 7.73% increase, while the day's low was recorded at Rs. 265.1. The stock exhibited high volatility, with an intraday fluctuation of 5.16%.
Over the past year, Shree Ajit Pulp and Paper has delivered a robust return of 36.03%, significantly outperforming the Sensex, which has grown by 9.17%. The company's financial health is underscored by a substantial net profit growth of 76.31% and a notable increase in net sales by 47.17% over the latest six months. As the stock continues to trade above its moving averages, it reflects a strong position in the current market landscape.
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