Nitta Gelatin India's Stock Surges to 52-Week High, Outperforms Sector by 2.84%

Nitta Gelatin India, a smallcap company in the chemicals industry, has recently seen a surge in its stock price, hitting a 52-week high on January 11, 2024. The stock has been on a winning streak for the past 9 days, with a consecutive gain of 34.25% during this period. This has outperformed the sector by 2.84%.

On January 11, the stock touched an intraday high of Rs. 1184, which is also its all-time high. This is a significant increase from its previous 52-week high of Rs. 900. The stock is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend.

In the past year, Nitta Gelatin India has shown a remarkable performance with a 93.72% increase in its stock price, while the Sensex has only seen a 19.47% growth. This showcases the company's strong potential and growth in the chemicals industry.

MarketsMOJO has given a 'Hold' call for Nitta Gelatin India's stock, indicating a neutral stance. The company's performance and stock price have been driven by its strong financials and growth prospects. As a smallcap company, Nitta Gelatin India has shown promising growth and has the potential to continue its upward trend in the future.