Back-to-back 52-week high in this financial services company, do you have it?
Shares of this company has given over 20 per cent return in just 5 trading sessions.
Today, the shares of Sat Industries Ltd has zoomed over 10 per cent and hit a fresh 52-week high of Rs 101.17. Share saw a spurt in volume by 3.23 times and investors are highly bullish after the company’s reporting robust growth in sales and profit in FY23.
the recent stake purchase by Societe Generale is a vote of confidence in SAT Industries. Societe Generale is a leading global investment bank, and its investment in SAT Industries suggests that it sees the company as a good long-term investment.
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At present, the shares are trading at Rs 98.7 up by 9.20 points or 10.19 per cent from the previous closing of Rs 90.26. The share is touching back-to-back 52-week highs from straight four trading sessions. The company is benefiting from the current bull market in the Indian stock market. The Nifty 50 index has risen by over 10 per cent in the past year, and SAT Industries has been a major outperformer.
Sat Industries Ltd (SIL) is engaged in various business activities such as manufacturing, education, leasing, finance, investments, domestic trading, and import and export through its various subsidiaries and associates.