Skyline Millars Ltd Achieves Significant Gains Amidst Broader Market Decline

Skyline Millars Ltd is witnessing significant buying activity, with the stock gaining 4.98% today, contrasting sharply with the Sensex's slight decline of 0.05%. Over the past week, Skyline Millars has surged by 16.01%, while the Sensex has dropped by 1.00%. This trend continues over the month, with the stock up 12.33% compared to the Sensex's 3.31% decline.
The stock has shown remarkable performance over longer periods, boasting a 63.29% increase in the last three months and an impressive 180.83% rise over the past three years. Notably, Skyline Millars has gained 969.84% over the last five years, significantly outperforming the Sensex, which has risen only 112.15% in the same timeframe.

Today, Skyline Millars opened with a gap up of 4.98% and reached an intraday high of Rs 26.96. The stock is currently just 1.72% away from its 52-week high of Rs 27.25. Additionally, it has been on a consecutive gain streak for the last four days, accumulating a total return of 20.62% during this period. The stock is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend.