Sonu Infratech Ltd Surges 4.66% Today, Achieving 73.58% Gain Over Last Year

Sonu Infratech Ltd is witnessing significant buying activity today, with a notable increase of 4.66%, outperforming the Sensex, which rose by only 0.49%. This uptick marks a positive shift in a stock that has faced challenges over the past month, declining by 7.95% compared to the Sensex's gain of 1.36%.
Despite the recent volatility, Sonu Infratech has shown impressive performance over the past year, with a remarkable increase of 73.58%, significantly outpacing the Sensex's 5.21% rise. However, the stock has struggled year-to-date, down 23.33%, while the Sensex has gained 7.02%.

Today's trading session opened with a gap up, indicating strong buyer sentiment, and the stock reached an intraday high, reflecting the current bullish trend. The company is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a potential shift in market dynamics.

Overall, the buying pressure may be attributed to various factors, including market sentiment and recent developments within the construction sector, as investors react to the stock's performance relative to broader market trends.