Simplex Castings Hits New 52-Week High of Rs. 517, Celebrating Major Milestone

Simplex Castings has reached a significant milestone by hitting a new 52-week high of Rs. 517 today, marking a notable achievement for the microcap company in the Other Industrial Products sector. This new high reflects a strong performance trend, as the stock has gained 21.84% over the past six days, demonstrating consistent upward momentum.
Despite underperforming its sector by 1.16% today, Simplex Castings opened with a gain of 2.01% and reached an intraday high of Rs. 517, representing a 5.49% increase. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a robust position in the market.

In the broader market context, the Sensex has also reached a new 52-week high of 85,149.24, reflecting a bullish trend. Simplex Castings has shown impressive growth metrics, including a 47.64% return over the past year, significantly outperforming the Sensex's 6.30% gain. The company has consistently delivered positive financial results, with a remarkable net profit growth of 192.59% reported in its latest quarter.