Mangalore Chemicals & Fertilizers Achieves 52-Week High Amid Broader Market Decline

Mangalore Chemicals & Fertilizers has made headlines today as its stock price reached a new 52-week high of Rs. 206, marking a significant milestone for the small-cap company in the fertilizers industry. The stock has shown impressive performance, outperforming its sector by 1.85% and achieving a consecutive gain over the last two days, with a total return of 4.59% during this period.
Today, Mangalore Chemicals & Fertilizers opened with a notable gain of 2.02%, and it peaked at an intraday high of Rs. 206, reflecting a 2.87% increase. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend in its performance metrics.

In the broader market context, the Sensex has shown a slight decline of 0.04% after a flat opening, trading at 80,083.84 points. Despite this, Mangalore Chemicals & Fertilizers has demonstrated remarkable resilience, with a one-year performance of 76.51%, significantly outpacing the Sensex's 8.44% return. The stock's 52-week low stands at Rs. 95.1, highlighting its substantial growth over the past year.