GACL Opens with 4.2% Gain, But Overall Performance Remains Lackluster

Gujarat Alkalies & Chemicals Ltd (GACL) is a midcap company in the chemical industry. The stock of GACL opened today with a gain of 4.2%, outperforming the sector by 2.31%. The stock also touched an intraday high of Rs 687.5, showing a strong upward trend.

However, despite the positive opening, GACL is currently trading lower than its 5 day, 20 day, 50 day, 100 day, and 200 day moving averages. This indicates a downward trend in the stock's performance.

At the current price, GACL also offers a high dividend yield of 3.56%, making it an attractive option for investors looking for regular income.

In terms of recent performance, GACL has outperformed the Sensex by 3.39% in the last 1 day and has underperformed in the last 1 month with a negative return of -13.82% compared to Sensex's -0.57%.

While GACL may have shown a positive opening today, its overall performance in the past month has been lackluster. Considering the current market conditions and the stock's performance, MarketsMOJO has given a 'Sell' call for GACL. Investors are advised to do their own research and make informed decisions before investing in the stock.