SPML Infra Ltd Experiences Notable Price Gains Amid Increased Buying Activity

SPML Infra Ltd is witnessing significant buying activity, with the stock rising 4.69% today, outperforming the Sensex, which gained only 0.23%. Over the past week, SPML Infra has shown a robust performance, increasing by 10.20%, while the Sensex declined by 1.41%. This marks two consecutive days of gains for SPML Infra, accumulating a total return of 8.06% during this period.
In terms of price performance, SPML Infra reached an intraday high of Rs 167.5 today. The stock's current performance metrics indicate that it is trading above its 5-day and 20-day moving averages, although it remains below the 50-day, 100-day, and 200-day moving averages.

Despite a challenging three-month period where the stock fell by 35.08%, it has shown resilience over the past year, with a notable increase of 30.81%, compared to the Sensex's modest 3.10% rise. Factors contributing to the current buying pressure may include recent positive sentiment in the capital goods sector and potential developments within the company that have attracted investor attention.