SKM Egg Products Achieves 52-Week High Amid Strong Financial Performance and Promoter Confidence

SKM Egg Products Export (India) has made headlines today as its stock price reached a new 52-week high of Rs. 369, marking a significant milestone for the microcap company in the FMCG sector. The stock has shown impressive performance, outperforming its sector by 2.24% and achieving a remarkable 15.28% return over the past five days.
Despite opening with a slight loss of 2.75%, the stock's resilience is evident as it trades above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past year, SKM Egg Products has delivered a solid return of 27.12%, contrasting sharply with the Sensex's decline of 2.08%.

The company has demonstrated strong financial health, with a low Debt to EBITDA ratio of 0.98 times and an impressive operating profit growth rate of 121.44%. Recent quarterly results show significant improvements, with profit before tax growing by 118.3% and profit after tax increasing by 88.2%. Additionally, promoter confidence is on the rise, as they have increased their stake by 0.85%, now holding 56.25% of the company. This positive trend underscores SKM Egg Products' strong market position and operational performance.