SPIC Stock Shows Positive Trend, Outperforms Sector and Sensex in One Day

Southern Petrochemical Industries Corporation (SPIC) has shown a positive trend in the stock market, gaining 7.1% on July 22, 2024. This smallcap company in the fertilizer industry has outperformed its sector by 1.28%, with a stock call of 'Sell' by MarketsMOJO.

The stock has seen a trend reversal, as it has gained after three consecutive days of falling. On the day of July 22, the stock reached an intraday high of Rs 88.09, showing a 6.25% increase. SPIC is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

In the fertilizer sector, SPIC has gained by 4.46%, indicating a positive action in the industry. In comparison to the overall market performance, SPIC has outperformed the Sensex by 7.09% in just one day. In the past month, the company's performance has been slightly lower, with a -0.68% change, while the Sensex has shown a 4.40% increase.

Overall, Southern Petrochemical Industries Corporation has shown a strong performance in the stock market, with a positive trend and outperforming its sector. Investors should keep an eye on this smallcap company in the fertilizer industry for potential growth opportunities.