Eureka Forbes hits record high; rallies 20% in 3 weeks on healthy outlook

Despite inflationary pressures, the consumer durables market is expected to witness robust demand, owing to the increasing need for premium products

Shares of Eureka Forbes hit an all-time high of Rs 537.05, up 1.4 per cent on the BSE in Wednesday’s intra-day trade, extending its rally on healthy outlook. The stock of the household appliances company has surpassed its previous high of Rs 535, touched on September 13, 2022.

In the past three weeks, it has surged 20 per cent. Moreover, in the past one month, it has gained 15 per cent as compared to 0.50 per cent decline in the S&P BSE Sensex. The equity shares of the company were listed on BSE on March 16, 2022.

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