Sumuka Agro Industries Hits 52-Week High, Shows Strong Performance in Paper Industry

Jun 28 2024 09:35 AM IST
share
Share Via
Sumuka Agro Industries, a microcap company in the paper and paper products industry, has reached a new milestone as its stock price hit a 52-week high of Rs. 220 on June 28, 2024. While the current call for the stock is 'Hold', it has shown a mixed trend and is currently trading higher than its moving averages. With a strong performance in the past year, the company has potential for further growth in the future.

Sumuka Agro Industries, a microcap company in the paper and paper products industry, has recently reached a new milestone. On June 28, 2024, the company's stock price hit a 52-week high of Rs. 220. This news has caught the attention of investors and market analysts alike.

According to MarketsMOJO, a leading stock analysis and recommendation platform, the current call for Sumuka Agro Industries' stock is 'Hold'. This indicates a neutral stance on the company's performance.

In terms of price movement, Sumuka Agro Industries has shown a mixed trend. While it has reached a new high, it has also underperformed the sector by -1.79% today. Additionally, the stock has fallen after six consecutive days of gains, suggesting a possible trend reversal.

The stock opened with a gain of 3.66% today and touched an intraday high of Rs. 220, which is a 6.08% increase from the previous day's close. However, it also touched an intraday low of Rs. 201, showing a volatile trading day.

Sumuka Agro Industries' stock is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a positive trend in the company's stock performance.

In the past year, Sumuka Agro Industries has shown a strong performance with a 94.87% increase in its stock price, compared to Sensex's 24.39% performance. This showcases the company's potential for growth and success in the paper and paper products industry.

Overall, Sumuka Agro Industries' recent achievement of reaching a 52-week high is a positive sign for the company and its investors. With a strong performance in the past year and a positive outlook from MarketsMOJO, the company is poised for further growth in the future.
{{stockdata.stock.stock_name.value}} Live

{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)

{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)


Our weekly and monthly stock recommendations are here
Loading...
{{!sm.blur ? sm.comp_name : ''}}
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Entry Price
Target Price
{{sm.target_price }} ({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News