Axel Polymers Ltd. Hits 52-Week High, Outperforms Sector with Strong 1-Year Performance

Jan 18 2024 09:35 AM IST
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Axel Polymers Ltd., a microcap company in the plastic products industry, has hit a 52-week high on January 18, 2024. The stock has been performing well, with a 'Hold' call from MarketsMojo and has outperformed the sector by 4.69%. In the past 11 days, it has seen a 49.32% increase in returns and is trading higher than its moving averages. With a strong 1-year performance of 70.96%, Axel Polymers shows potential for growth in the industry.

Axel Polymers Ltd., a microcap company in the plastic products industry, has recently hit a 52-week high on January 18, 2024. The stock has been performing well, with a 'Hold' call from MarketsMOJO. Today, the stock has outperformed the sector by 4.69% and opened with a gain of 4.65%. It also touched an intraday high of Rs 73.63, which is a 4.99% increase from the previous day's close.

In the past 11 days, Axel Polymers has been on a consecutive gaining streak and has seen a 49.32% increase in its returns. The stock has also been trading in a narrow range of Rs 0.24. Additionally, it is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

In comparison to the Sensex performance of 16.38%, Axel Polymers has shown a strong 1-year performance of 70.96%. This showcases the company's potential and growth in the plastic products industry. With its recent 52-week high and consistent gains, Axel Polymers is definitely a stock to keep an eye on.
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