Gujarat Ambuja Exports' Stock Sees Positive Trend, Outperforms Sector by 5.94%

Gujarat Ambuja Exports, a midcap company in the refined oil and vanaspati industry, has seen a positive trend in its stock performance on October 30, 2024. The stock has gained 6.74%, outperforming the sector by 5.94%. MarketsMOJO has given a 'Sell' call for the stock.

In terms of price, the stock has touched an intraday high of Rs 135.9, showing a 7.09% increase. It has also been gaining for the last 3 days, with a 9.23% rise in returns during this period. However, the stock is currently trading higher than its 5-day, 20-day, and 50-day moving averages, but lower than its 100-day and 200-day moving averages.

In comparison to the Sensex, Gujarat Ambuja Exports has outperformed with a 1-day performance of 6.46% while the Sensex has shown a -0.15% performance. Similarly, in the last 1 month, the stock has performed better with a 5.92% increase compared to the Sensex's -4.80% performance.

This positive trend in Gujarat Ambuja Exports' stock performance may be attributed to the company's strong presence in the refined oil and vanaspati industry. However, it is important to note that this is not a recommendation to buy or sell the stock, and all investment decisions should be based on thorough research and analysis.