CDG Petchem Achieves All-Time High Stock Price Amid Strong Market Performance

CDG Petchem, a microcap player in the plastic products industry, has recently achieved a significant milestone by reaching an all-time high of Rs. 60.2 on December 25, 2024. This remarkable performance comes as the stock has consistently outperformed its sector, gaining 1.78% more than its peers today. Over the past 16 days, CDG Petchem has demonstrated impressive momentum, with a cumulative return of 39.97%. The stock opened with a 2% gain today, maintaining its position at Rs. 60.2 throughout the trading session, which reflects a strong demand among market participants. In terms of technical indicators, CDG Petchem is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a robust upward trend. The company's one-year performance stands at an impressive 65.70%, significantly outpacing the Sensex, which has recorded a return of 10.36% during the same period. This performance highlights CDG Petchem's strong market position within the plastic products sector.