Nilkamal hits 52-w high on tough trading day
DSIJ Intelligence / 17 Oct 2016
While Indices were down on Monday with broader market shutting down in red, few stocks sizzled on bourses including Nilkamal. Nilkamal touched its 52-w high at Rs 1744.80 per share on Monday. The stock shut shop at Rs 1704.05 per share, up by Rs 136.90 or 8.74 per cent.
While Indices were down on Monday with broader market shutting down in red, few stocks sizzled on bourses including Nilkamal. Nilkamal touched its 52-w high at Rs 1744.80 per share on Monday. The stock shut shop at Rs 1704.05 per share, up by Rs 136.90 or 8.74 per cent.
The company operates mainly in three business segments i.e. plastics; life style furniture,;furnishing & accessories and other segments. Nilkamal is one of the strong brands in the plastic segment that can be further classified into material handling and moulded furniture. Nilkamal is the leader in the material handling and moulded furniture segment with market share of 36% and 40%, respectively.
Over a period of one year stock has generated 73.79 per cent returns. In one month the stock has gained almost 27.21 per cent. In fact the stock gained momentum since it crossed its 30 days moving average on October 12 at Rs 131.96 per share.
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