Southern Petrochemical Industries Corporation sees 7.46% rise in stock price, outperforms sector

Southern Petrochemical Industries Corporation, a smallcap company in the fertilizer industry, has seen a 7.46% increase in its stock price on June 10, 2024. This rise in stock price has been attributed to the company's strong performance in the market.

According to MarketsMOJO, a leading stock analysis platform, Southern Petrochemical Industries Corporation's stock is currently rated as 'Sell'. However, the company has outperformed its sector by 3.94% and has been on a consecutive gain streak for the past 4 days, with a 13.51% increase in returns during this period.

On June 10, the stock reached an intraday high of Rs 76.87, showing a 4.63% increase. The stock's moving averages are also positive, with it being higher than the 5-day, 20-day, and 50-day moving averages. However, it is lower than the 100-day and 200-day moving averages.

In comparison to the overall market performance, Southern Petrochemical Industries Corporation has shown a 1-day performance of 7.12%, while the Sensex has only seen a -0.01% performance. Similarly, in the past month, the company's performance has been 4.42%, while the Sensex has seen a 5.54% performance.

Overall, Southern Petrochemical Industries Corporation has shown a strong performance in the market, with a significant increase in its stock price and outperforming its sector. However, investors should do their own research and analysis before making any investment decisions.