Skyline Millars Ltd Hits All-Time High of Rs 34.81, Surges 4.98% Amid Strong Buying Activity

Skyline Millars Ltd is currently witnessing significant buying activity, with the stock gaining 4.98% today, outperforming the Sensex, which rose by only 0.50%. Over the past week, Skyline Millars has shown remarkable performance with a 20.66% increase, while the Sensex managed just 0.32%. The stock's upward trend is evident over longer periods as well, with a striking 88.26% rise over the past year compared to the Sensex's 6.59%.
Today, Skyline Millars reached a new 52-week and all-time high of Rs 34.81, following an open gap up of 4.98%. The stock has been on a consecutive gain streak for the last four days, accumulating a total return of 20.66% during this period. Notably, it has consistently traded above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong momentum.

The buying pressure may be attributed to various factors, including positive market sentiment in the realty sector and the company's robust performance metrics, which have significantly outpaced the broader market indices.