Shree Rama Newsprint Achieves 52-Week High Amid Broader Market Downturn
Shree Rama Newsprint has achieved a new 52-week high, reflecting a strong performance with a notable stock gain over the past 11 days. The company has significantly outperformed its sector and delivered impressive annual returns, contrasting with the broader market's downturn. Its previous low highlights a substantial recovery.
Shree Rama Newsprint, a microcap player in the Paper, Forest & Jute Products industry, has made headlines today as its stock price reached a new 52-week high of Rs. 45.19. This milestone comes after a remarkable performance, with the stock gaining 23.17% over the past 11 consecutive days, significantly outperforming its sector by 2.17%.In terms of technical indicators, Shree Rama Newsprint is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend in its price action. Over the past year, the stock has delivered impressive returns of 126.29%, far exceeding the Sensex's performance of 10.24%.
Despite the positive momentum for Shree Rama Newsprint, the broader market is experiencing a downturn, with the Sensex opening lower and currently trading at 81,438.95, down 0.24%. The market's mixed signals highlight the contrasting performance of individual stocks against the backdrop of overall market trends. The stock's 52-week low stands at Rs. 14.37, underscoring its significant recovery over the past year.
{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)
{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)
Related Stock Links
- {{stockdata.stock.stock_name.value}} Analysis
- {{stockdata.stock.stock_name.value}} Technicals
- {{stockdata.stock.stock_name.value}} Quality
- {{stockdata.stock.stock_name.value}} Valuation
- {{stockdata.stock.stock_name.value}} Financial Trend
- {{stockdata.stock.stock_name.value}} Return Analysis
- {{stockdata.stock.stock_name.value}} Price Analysis
- {{stockdata.stock.stock_name.value}} Quarterly Result Analysis
- {{stockdata.stock.stock_name.value}} Half-Yearly Result Analysis
- {{stockdata.stock.stock_name.value}} Nine Monthly Result Analysis
- {{stockdata.stock.stock_name.value}} Annual Results
- {{stockdata.stock.stock_name.value}} Balance Sheet
- {{stockdata.stock.stock_name.value}} Profit & Loss
- {{stockdata.stock.stock_name.value}} Cash Flow
- {{stockdata.stock.stock_name.value}} News
- {{stockdata.stock.stock_name.value}} Announcements
- {{stockdata.stock.stock_name.value}} Share Holding
- {{stockdata.stock.stock_name.value}} Peer Comparison
Our weekly and monthly stock recommendations are here
Loading...
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Target Price
{{sm.target_price }}
({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
₹{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News
Most Read
