Bodal Chemicals' Stock Performance Sees Positive Trend Despite 'Sell' Call

Bodal Chemicals, a smallcap company in the dyes and pigments industry, has seen a positive trend in its stock performance on March 1st, 2024. The stock gained 7.35% and closed at Rs 89.45. However, according to MarketsMOJO, the stock has been given a 'Sell' call.

Despite this, Bodal Chemicals has shown strong performance in the past few days, outperforming the sector by 5.54%. It has also been on a consecutive gain streak for the last 3 days, with a 13.38% increase in returns during this period. The stock also touched an intraday high of Rs 90.5, a 7.11% increase from its previous close.

In terms of moving averages, Bodal Chemicals is currently trading above its 5 day, 20 day, 50 day, 100 day, and 200 day moving averages. This indicates a positive trend in the stock's performance.

Comparing Bodal Chemicals' performance to the Sensex, the stock has outperformed the index by 6.85% in the past day and 2.85% in the past month. This shows that despite the 'Sell' call, the stock has still performed better than the overall market.

Investors should keep an eye on Bodal Chemicals as it continues to show positive momentum in its stock performance. However, it is always important to do thorough research and consult with a financial advisor before making any investment decisions.