SRM Contractors Achieves 52-Week High Amid Broader Market Challenges

Jun 02 2025 11:02 AM IST
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SRM Contractors has reached a new 52-week high of Rs. 465.95, reflecting strong performance in the construction sector. The stock has gained 8.91% over the past two days and is trading above key moving averages. In contrast, the broader market faces challenges, with small-cap stocks showing resilience.
SRM Contractors, a small-cap player in the construction industry, has made headlines today by reaching a new 52-week high of Rs. 465.95. This milestone, achieved on June 2, 2025, highlights the stock's impressive performance, particularly as it has outperformed its sector by 2.58%. Over the past two days, SRM Contractors has shown a remarkable upward trend, gaining 8.91% in returns.

The stock opened with a notable gain of 3.74% today and peaked at an intraday high of Rs. 465.95, reflecting a 5.42% increase. Additionally, SRM Contractors is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong momentum.

In contrast, the broader market is facing challenges, with the Sensex experiencing a decline of 0.56% after a negative opening. Despite this, small-cap stocks are leading the market, with the BSE Small Cap index gaining 0.37%. Over the past year, SRM Contractors has delivered an impressive 160.07% return, significantly outpacing the Sensex's 9.50% performance.
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