SRM Energy Ltd Hits New 52-Week High, Surges 1.97% Amid Strong Buying Activity

SRM Energy Ltd is currently witnessing significant buying activity, with the stock showing a remarkable performance in recent trading sessions. Today, SRM Energy's stock price increased by 1.97%, significantly outperforming the Sensex, which rose by only 0.17%. Over the past week, the stock has gained 10.30%, while the Sensex recorded a modest 1.41% increase.
In the last month, SRM Energy has surged by 45.04%, compared to the Sensex's 0.90% rise. Notably, the stock has achieved a new 52-week high of Rs. 28.92 today. The stock has been on a strong upward trajectory, with consecutive gains for the last 21 days, accumulating a total return of 50.86% during this period.

SRM Energy's performance over longer time frames is also impressive, with a 147.39% increase over the past three months and a staggering 281.03% rise over the last three years. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong bullish trend. Factors contributing to this buying pressure may include positive market sentiment and strong fundamentals within the power sector.