Supreme Petrochem Outperforms Chemicals Sector Amid Mixed Moving Average Trends

Supreme Petrochem has shown significant activity today, with a notable gain of 5.83% on January 29, 2025. This performance has allowed the stock to outperform the chemicals sector by 3.79%. Over the past two days, Supreme Petrochem has experienced consecutive gains, accumulating a total return of 7.72%. The stock reached an intraday high of Rs 616.8, reflecting a rise of 6.14% during the trading session.
In terms of moving averages, Supreme Petrochem's current price is above its 5-day moving average but remains below the 20-day, 50-day, 100-day, and 200-day moving averages, indicating mixed short- to long-term trends. While the chemicals sector overall has gained by 2.35%, Supreme Petrochem's one-day performance stands at 5.48%, significantly outpacing the Sensex, which recorded a modest increase of 0.53%. However, it is worth noting that the stock has faced challenges over the past month, with a decline of 8.56%, compared to the Sensex's decrease of 3.04%.