Andhra Paper's Stock Sees 7.53% Increase, Outperforms Sector and Sensex

Andhra Paper, a smallcap company in the paper and paper products industry, saw a 7.53% increase in its stock price on August 20, 2024. This rise was in line with the overall positive performance of the sector, as the company outperformed the sector by 7.4%.

The stock has been on a consecutive gain for the last two days, with a total increase of 10.33% during this period. It also opened with a gain of 2.81% today and reached an intraday high of Rs 580.1, showing a high level of volatility with an intraday volatility of 109.18%.

Andhra Paper's stock is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in its performance.

In comparison to the Sensex, Andhra Paper's stock has outperformed with a 1-day performance of 7.02% versus the Sensex's 0.19%. Over the past month, the company's stock has also performed better than the Sensex, with a 1-month performance of 0.04% compared to the Sensex's -0.03%.

Overall, Andhra Paper's stock has shown a strong performance in the past few days and is currently trading above its moving averages. Investors may want to hold onto their positions in the company, as suggested by MarketsMOJO's 'Hold' call for the stock.