SRM Energy Hits New 52-Week High of Rs. 24.72, Surges 64.36%
SRM Energy has achieved a new 52-week high of Rs. 24.72, reflecting strong performance in the power sector. The stock has gained 64.36% over the past 21 days and is trading above key moving averages, showcasing its robust market position amid broader market fluctuations.
SRM Energy has reached a significant milestone by hitting a new 52-week high of Rs. 24.72 today, marking a notable achievement for the microcap company in the power industry. This surge comes as the stock has demonstrated impressive performance, outperforming its sector by 2.22%. Over the past 21 days, SRM Energy has shown remarkable resilience, gaining 64.36% in returns, reflecting a strong upward trend.In terms of technical indicators, SRM Energy is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a robust market position. The stock's one-year performance stands at 25.67%, significantly outperforming the Sensex, which has recorded a 6.39% increase during the same period.
While the broader market is experiencing a slight downturn, with the Sensex trading at 83,810.21, SRM Energy's achievement highlights its strong momentum and position within the power sector. The stock's previous 52-week low was Rs. 5.61, underscoring the substantial growth it has experienced over the past year.
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