Manali Petrochemicals' Stock Surges to 52-Week High, Outperforms Sector and Sensex

Jun 20 2024 09:36 AM IST
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Manali Petrochemicals, a smallcap company in the petrochemical industry, has seen a surge in its stock price, reaching a 52-week high of Rs.96.67 on June 20, 2024. The stock has outperformed the sector by 1.02% and has been on a consecutive gain for the past 2 days, with a 7.12% increase. The company's strong performance and positive outlook make it a promising investment opportunity.

Manali Petrochemicals, a smallcap company in the petrochemical industry, has recently seen a surge in its stock price, reaching a 52-week high of Rs.96.67 on June 20, 2024. This has caught the attention of investors and market analysts, with MarketsMOJO giving a 'Hold' call for the stock.

The stock has outperformed the sector by 1.02% and has been on a consecutive gain for the past 2 days, with a 7.12% increase in returns during this period. Intraday, the stock touched a high of Rs.96.67, showing a 3.55% increase.

Manali Petrochemicals is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in the stock's performance. In comparison to the Sensex, the company has shown a strong 1-year performance of 38.20%, while the Sensex has only seen a 22.16% increase.

This recent surge in stock price for Manali Petrochemicals is a positive sign for the company and its investors. With a strong performance in the petrochemical industry and a positive outlook from MarketsMOJO, the company is poised for continued success in the market.
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