SKM Egg Products Soars to New 52-Week High of Rs. 464.7

SKM Egg Products Export (India) has reached a significant milestone by hitting a new 52-week high of Rs. 464.7 today, marking an impressive performance in the FMCG sector. This achievement comes as the stock has outperformed its sector by 3.8% and has shown consistent gains over the past six days, accumulating a remarkable 20.25% return during this period. The stock's intraday high of Rs. 464.7 reflects a daily increase of 11.09%. Notably, SKM Egg Products is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. Over the past year, the stock has delivered a return of 78.90%, significantly outpacing the Sensex, which has only gained 5.21% in the same timeframe. The company's robust financial health is underscored by a low Debt to EBITDA ratio of 0.57 times and a notable annual growth rate of 73.54% in operating profit. Additionally, the recent positive results and rising promoter confidence, with a 1.14% increase in stake, further highlight the company's strong market position.