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

Dec 27 2024 10:30 AM IST
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CDG Petchem has recently been added to MarketsMojo's list following a revision in its score, reflecting its strong market performance. The stock reached an all-time high of Rs. 62.62, outperforming its sector and delivering impressive returns over the past year, despite a cautious outlook from analysts.
CDG Petchem, a microcap player in the plastic products industry, has recently achieved a significant milestone by reaching an all-time high price of Rs. 62.62 on December 27, 2024. This remarkable performance comes as the stock has consistently outperformed its sector, gaining 1.08% on the day of this record price.

Over the past 18 days, CDG Petchem has demonstrated impressive momentum, with a cumulative return of 45.59%. The stock has maintained a steady trading price of Rs. 62.62 since its opening, indicating strong market interest at this level.

In terms of moving averages, CDG Petchem is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day averages, reflecting a robust upward trend. Additionally, the company's one-year performance stands at an impressive 65.71%, significantly outpacing the Sensex, which has recorded a return of 9.58% during the same period. This performance highlights CDG Petchem's strong position within the market and its ability to deliver substantial returns to its stakeholders.
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