Strong Price Momentum and Market Outperformance
Ecoboard Industries Ltd's stock price surged by ₹4.52, or 9.99%, on 18 December, marking a substantial intraday gain that pushed the share price close to its 52-week high of ₹51.8, just 4.1% shy of that peak. The stock opened with a gap up of 6.1%, signalling strong buying interest from the outset of trading. This upward momentum was sustained throughout the day, with the stock touching an intraday high of ₹49.76.
Notably, Ecoboard outperformed its sector, Wood & Wood Products, which declined by 2.73% on the same day. This divergence highlights the stock’s relative strength amid broader sector weakness, suggesting company-specific factors or investor sentiment are driving demand for Ecoboard shares.












