CDG Petchem Achieves Record Stock Price Amid Strong Market Performance
CDG Petchem has recently been added to MarketsMojo's list following a revision in its score, reflecting the company's strong market performance and consistent gains. The stock has shown remarkable resilience, outperforming its sector and delivering impressive returns over the past year, despite the cautious outlook indicated by the latest evaluation.
CDG Petchem, a microcap player in the plastic products industry, has recently achieved a significant milestone by reaching an all-time high of Rs. 61.4 on December 26, 2024. This remarkable performance highlights the company's strong market position, as it has outperformed its sector by 2.98% on the same day.Over the past 17 days, CDG Petchem has demonstrated impressive momentum, with a cumulative gain of 42.76%. The stock has consistently traded at its opening price of Rs. 61.4, indicating stability in its recent performance. Furthermore, 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.
In terms of annual performance, CDG Petchem has recorded a remarkable increase of 65.72% over the past year, significantly outpacing the Sensex, which has seen a growth of only 10.01%. This strong performance underscores CDG Petchem's competitive edge within the plastic products sector.
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