SPIC's Stock Price Sees Significant Increase, Outperforms Fertilizer Industry

Southern Petrochemical Industries Corporation (SPIC) has seen a significant increase in its stock price, gaining 7.15% on June 20, 2024. This outperformance is in line with the fertilizer industry, which has seen a gain of 6.33% in the same period.

According to MarketsMOJO, a leading stock market analysis platform, SPIC's stock call is currently rated as 'Strong Sell'. However, the company's stock has been on a consecutive rise for the past 6 days, with a total gain of 14.12% during this period. This indicates a positive trend for the company's stock.

On June 20, SPIC's stock touched an intraday high of Rs 90.64, which is a 6.72% increase from the previous day's closing price. The stock is also trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which further supports the positive trend.

In comparison to the overall market performance, SPIC has outperformed the Sensex by 7.21% in the past 1 day and 13.55% in the past 1 month. This shows that the company's stock is performing well, despite the current market conditions.

It is important to note that this article is based on factual information and does not include any external data or sources. It is intended to provide a neutral and informative overview of SPIC's recent stock performance. Investors are advised to conduct their own research and analysis before making any investment decisions.