Neogen Chemicals Experiences Trend Reversal Amidst Recent Volatility and Sector Gains

Jan 29 2025 10:20 AM IST
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Neogen Chemicals experienced a notable gain on January 29, 2025, reversing a six-day decline. The stock outperformed the chemicals sector and reached an intraday high. Despite this uptick, its performance over the past month has been less favorable compared to broader market trends.
Neogen Chemicals has shown significant activity today, with a notable gain of 7.02% on January 29, 2025. This performance marks a trend reversal for the small-cap company, which had experienced six consecutive days of decline prior to today’s uptick. The stock reached an intraday high of Rs 1809.55, reflecting a 7.54% increase at its peak.

In terms of market positioning, Neogen Chemicals outperformed the chemicals sector, which saw an overall gain of 2.07%, by 4.79%. However, it is important to note that the stock's performance over the past month has been less favorable, with a decline of 10.39%, compared to a 3.16% drop in the Sensex.

Analyzing the moving averages, Neogen Chemicals is currently positioned higher than its 200-day moving average, but lower than its 5-day, 20-day, 50-day, and 100-day moving averages. This data reflects the stock's recent volatility and its current standing within the broader market context.
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