SKM Egg Products Hits New 52-Week High of Rs. 406.4

SKM Egg Products Export (India) has reached a significant milestone by hitting a new 52-week high of Rs. 406.4 today, marking a notable achievement for the microcap company in the FMCG sector. This price point reflects a 5% increase from its previous close and underscores the stock's strong performance, having outperformed its sector by 5.15% today.
The stock has shown consistent upward momentum, gaining for four consecutive days and delivering a total return of 12.61% during this period. Notably, it opened with a gap up of 5%, indicating robust trading activity. SKM Egg Products is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong technical position.

In the broader market context, the Sensex is experiencing a slight decline, yet SKM Egg Products has managed to stand out with its impressive performance metrics. Over the past year, the stock has generated a remarkable return of 67.45%, significantly outpacing the Sensex's 5.86% gain. This performance is complemented by a healthy financial profile, including a low Debt to EBITDA ratio and strong operating profit growth.