Shree Krishna Paper Mills Hits All-Time High with 5% Surge, Up 159.12% in One Month

Shree Krishna Paper Mills & Industries Ltd is currently witnessing significant buying activity, with the stock gaining 5.00% today, outperforming the Sensex, which rose by only 0.27%. Over the past week, the stock has surged by 21.51%, while the Sensex recorded a modest increase of 1.44%. In a remarkable display of strength, Shree Krishna Paper Mills has achieved a staggering 159.12% increase over the past month, compared to the Sensex's 1.69%.
The stock has been on a consistent upward trajectory, marking 18 consecutive days of gains, resulting in an impressive 140.34% return during this period. Today, it opened with a gap up of 5% at Rs. 87.22, which also represents a new 52-week and all-time high. The stock reached an intraday high of Rs. 87.22, maintaining this price throughout the trading session.

Factors contributing to the buying pressure may include strong performance metrics relative to the broader market, as well as favorable moving averages, with the stock trading above its 5-day, 20-day, 50-day, 100-day, and 200-day averages. This performance positions Shree Krishna Paper Mills & Industries as a notable player in the paper, forest, and jute products sector.