Swan Defence and Heavy Industries Achieves 13,400% Annual Growth Amid Strong Buying Activity

Swan Defence and Heavy Industries Ltd is witnessing significant buying activity, with the stock gaining 4.98% today, contrasting sharply with the Sensex, which declined by 0.40%. Over the past week, Swan Defence has increased by 10.23%, while the Sensex fell by 1.53%. The stock's performance over the last month is particularly noteworthy, with a remarkable 62.70% rise compared to the Sensex's modest gain of 1.29%.
In the longer term, Swan Defence has shown extraordinary growth, with a staggering 13,400% increase over the past year, significantly outpacing the Sensex's 2.05% rise. The stock has also outperformed the sector by 6.5% today, indicating strong market interest.

Today's trading saw the stock open with a gap up at Rs. 306.45, which also marks its intraday high. Notably, Swan Defence has been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend. The stock's erratic trading pattern, with no trades on three days out of the last 20, may also contribute to the current buying pressure.