Pudumjee Paper Products Ltd. sees significant stock price increase and outperforms sector and market
Pudumjee Paper Products Ltd., a smallcap company in the paper and paper products industry, saw a significant increase in its stock price on November 4th, 2024. The stock gained 8.35% and closed at Rs 132.15, outperforming the sector by 8.51%. It has also shown consistent growth and is currently trading higher than its moving averages, indicating a positive trend.
Pudumjee Paper Products Ltd., a smallcap company in the paper and paper products industry, has seen a significant increase in its stock price on November 4th, 2024. The stock gained 8.35% and closed at Rs 132.15, which is 4.76% away from its 52-week high of Rs 136.4.
According to MarketsMOJO, a leading stock market analysis platform, the stock has been given a 'Hold' call. Pudumjee Paper Products Ltd. has also outperformed the sector by 8.51% on the same day.
The stock has been on a consecutive gain for the last 5 days and has seen a rise of 20.22% in this period. However, it also experienced high volatility with an intraday volatility of 5.78%.
Pudumjee Paper Products Ltd. is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in its stock price.
In comparison to the overall market performance, Pudumjee Paper Products Ltd. has outperformed the Sensex by 7.74% in the last 1 day and by 19.00% in the last 1 month.
Overall, Pudumjee Paper Products Ltd. has shown a strong performance in the stock market and has gained the attention of investors. With its consistent growth and positive trend, the company is expected to continue its success in the paper and paper products industry.
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