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. 340.15. This milestone reflects the company's strong performance, having outperformed its sector by 1.76%. The stock has shown remarkable resilience, gaining for nine consecutive days and delivering a total return of 17.29% during this period.
In terms of financial health, SKM Egg Products boasts a low Debt to EBITDA ratio of 0.98 times, indicating a strong ability to service its debt. The company has also reported impressive growth in operating profit, with an annual increase of 121.44%. Recent quarterly results show a significant rebound, with profit before tax growing by 118.3% compared to the previous four-quarter average.

Promoter confidence is on the rise, as stakeholders have increased their holdings by 0.85% in the last quarter, now owning 56.25% of the company. This reflects a positive outlook on the company's future. Over the past year, SKM Egg Products has generated a return of 38.64%, significantly outperforming the Sensex, which has seen a modest increase of 1.23%.