Promact Impex's Stock Price Reaches 52-Week High, Outperforming Sector and Market

Mar 06 2024 09:35 AM IST
share
Share Via
Promact Impex, a microcap company in the packaging industry, has seen a surge in its stock price, reaching a 52-week high on March 6, 2024. Despite a 'Sell' rating from MarketsMojo, the stock has outperformed the sector by 5.26% and has risen by 91.67% in the past 12 days. The company's strong presence in the packaging industry and focus on innovation and quality have contributed to its exceptional growth of 422.09% in the past year.


Promact Impex, a microcap company in the packaging industry, has been making headlines recently as its stock price reached a 52-week high on March 6, 2024. This surge in price has caught the attention of investors and market analysts alike.

According to MarketsMOJO, a leading financial analysis platform, the stock call for Promact Impex is currently 'Sell'. However, the company's recent performance has been impressive, with the stock outperforming the sector by 5.26% and gaining for the last 12 consecutive days. In fact, in just the past 12 days, the stock has risen by a whopping 91.67%.

Promact Impex's 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. This is a positive sign for investors and reflects the company's strong performance in the market.

In comparison to the overall market performance, Promact Impex has shown exceptional growth in the past year, with a 422.09% increase in stock price. This is significantly higher than the Sensex's performance of 22.03% in the same period.

Promact Impex's success can be attributed to its strong presence in the packaging industry, which has seen a surge in demand due to the rise of e-commerce and online shopping. The company's focus on innovation and quality has helped it gain a competitive edge in the market.

Overall, Promact Impex's recent stock price surge and impressive performance in the past year make it a company to watch in the packaging industry. However, investors should always conduct their own research and make informed decisions before investing in any stock.
{{stockdata.stock.stock_name.value}} Live

{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)

{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)


Our weekly and monthly stock recommendations are here
Loading...
{{!sm.blur ? sm.comp_name : ''}}
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Entry Price
Target Price
{{sm.target_price }} ({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News