Bhansali Engineering Polymers Ltd's Stock Reaches All-Time High, Outperforms Sector and Sensex

Bhansali Engineering Polymers Ltd, a smallcap company in the chemicals industry, has been making headlines in the stock market recently. On September 2nd, the company's stock price reached an all-time high, causing a buzz among investors and analysts.

According to MarketsMOJO, a leading stock market analysis platform, the current recommendation for Bhansali Engineering Polymers is 'Hold'. The stock is currently trading at a price that is 1.16% away from its 52-week high of Rs 173.85. In today's trading session, the stock has outperformed the sector by 3.11%. It has also shown consecutive gains for the last 2 days, with a 5.92% increase in returns during this period. The stock's intraday high was Rs 172.3, a 4.05% increase from its previous close.

Bhansali Engineering Polymers is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in its performance. In the past year, the company's stock has shown a remarkable growth of 85.67%, outperforming the Sensex's performance of 26.21%.

This impressive performance can be attributed to the company's strong presence in the chemicals industry and its consistent growth in the past year. With its stock price reaching an all-time high, Bhansali Engineering Polymers is definitely a company to watch out for in the stock market.