Universal Starch Chem Allied Reaches All-Time High, Outperforms Sector and Sensex

Universal Starch Chem Allied, a microcap company in the chemicals industry, has reached an all-time high price of Rs. 282 on October 19, 2024. This comes after the stock has been gaining for the past two days, with a consecutive gain of 32.62% in that period. The stock opened today with a gain of 19% and has touched an intraday high of Rs. 282, outperforming the sector by 10.02%.

The stock has also shown high volatility today, with an intraday volatility of 5.4%, calculated from the weighted average price. This can be attributed to the stock's performance being higher than the 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

In the past year, Universal Starch Chem Allied has shown a strong performance of 49.47%, compared to the Sensex's performance of 23.30%. This showcases the company's growth and potential in the chemicals industry.

MarketsMOJO has given a 'Hold' call for the stock, indicating that investors should hold onto their current positions. With the stock reaching an all-time high and showing strong performance, it is a positive sign for Universal Starch Chem Allied and its investors.