Plastiblends India's Stock Surges to New High, Outperforms Sector and Sensex

Plastiblends India, a smallcap company in the plastic products industry, has been making headlines in the stock market with its recent performance. On September 2nd, the company's stock gained 7.72%, closing at Rs.389, which is also its new 52-week and all-time high.

According to MarketsMOJO, a leading stock market analysis platform, the stock's current call is 'Hold'. Plastiblends India has outperformed the sector by 7.34% and has been on a consecutive gain for the last 4 days, with a total return of 23.59% in this period. The stock also opened with a gap up of 3.98% today and touched an intraday high of Rs.389, which is a 7.98% increase.

In terms of moving averages, Plastiblends India is trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a positive trend in the stock's performance.

In comparison to the Sensex, Plastiblends India has shown a strong performance, with a 1-day return of 7.70% compared to Sensex's 0.28% and a 1-month return of 24.88% compared to Sensex's 2.00%.

Plastiblends India's recent gains and positive performance have caught the attention of investors and analysts. With its strong position in the plastic products industry and consistent growth, the company is definitely one to watch in the stock market.